Malaysian company TOP SYMPHONY (Fiji) Limited’s contract to develop the much-talked about multi-million dollar Waila City, Nausori, has been terminated.
Acting chief executive officer of Housing Authority, Isikeli Navuda, made the revelation while making submissions before the Public Accounts Committee in Parliament yesterday.
Mr Navuda said there had been no progress on the ground for the last four years.
He said the company had failed to provide figures of the market value of the project.
He said this had brought the problem of affordability for the authority.
Mr Navuda said if the project could not sell in the market than the authority would run into problems. He said a public statement on the issue would be released at a later date.
Mr Navuda said they were in the process of working on a new master plan for the development of Waila City.
The company could not be contacted to comment.
Minister for Local Government, Housing and Environment, Parveen Kumar said he would comment today.
This article was first published in the Fiji Sun on September 2, 2016.