16 Oct 2009

Search for buyer for Fiji's Momi resort development continues

4:20 pm on 16 October 2009

Two months of talks has still not secured a buyer for the troubled Momi Bay project in Fiji.

Its first mortgagee, the Fiji National Provident Fund, is trying to sell the resort project following its unsuccessful auctioning in late August.

A spokesperson for the pension fund, chief executive officer, Aisake Taito, told Fiji Live that negotiations were still ongoing.

Mr Taito says they are still going through the process of negotiating with three interested parties, both from local and overseas.