26 Nov 2009

Samoa village signs 30-year lease with a tourism investor

12:22 pm on 26 November 2009

The Samoa village of Pu'apu'a on Savaii Island has signed a 30-year lease with a tourism investor South Pacific Development Group.

The Samoa Observer reports a chief of the village Vui Tupe Ioana, says the company intends to build time share units and a hotel on the land.

He says lease payments stand 64,000 U.S. dollars with a review every five years, with the lease starting next year.

South Pacific Development has already paid over 15,000 dollars for next year's payment.

SPDG is the same group that has signed a 120 year lease with Sasina village, also in Savaii for the use of 600 acres of the village's land for a resort.