The recent investments by the Tappoo Group have impressed Prime Minister Commodore Voreqe Bainimarama.
Commodore Bainimarama yesterday stated Fiji needs more corporate role models like the Tappoo Group who are willing to contribute to Government’s vision or putting Fiji first and making Fiji great.
He made these comments as he officiated the groundbreaking ceremony for the $30 million TappooCity Lautoka project at the development site at Churchill Park in Lautoka.
Commodore Bainimarama said the Tappoo Group was not only one of the great business houses of Fiji but a major Fijian investor in our economy.
“The Government values that investment and confidence greatly,” he said.
“And I’d like to pay tribute today to the Tappoo family and thank them for their contribution to Fiji over the years.
“They are not only a great example to the rest of the business community about the value of Fijian investment in our economy and the returns that can be made.”
The TappooCity Lautoka Complex is expected to provide 250 jobs during the construction phase and more than 300 jobs when the complex is operational.
Commodore Bainimarama commented that TappooCity Suva had become a jewel in the retail crown of Suva and has done much to lift the overall tone and image of the capital.
He said the same was now coming to Lautoka.
Tappoo’s commitment Tappoo Group chairman, Kanti Tappoo, said they were committed to providing much-needed employment opportunities to the people of Lautoka.
“Whilst we realise the site is a little removed from the main center of town activity, we take comfort in knowing that TappooCity Lautoka will become a bustling and upscale shopping mall,” he said. Mr Tappoo said it will comprise of Tappoo department stores, specialty shops, entertainment and an international food court, together with ancillary services like banks.
“We intend to commence construction of TappooCity Lautoka as soon as possible and expect it to be completed in 18 months,” he said.
“Nothing would give us more pleasure than to provide much needed employment opportunities to the young men and women in Lautoka.”
Benefits for Lautoka
The expression of interest to develop the Churchill Park was made in the Fiji Sun on June 1 by the Lautoka City Council. This was closed on June 28.
Lautoka special administrator Praveen Bala said” “Lautoka City Council, like any other municipal council, is entrusted with the responsibility with providing opportunities for socio-economic development and growth.
“However, given the limitations in expanding the Central Business District (CBD) area, the council resolved to develop area along and around the Churchill Park for new commercial development.”
Mr Bala said they considered Tappoo Group’s submission as best suited for the area given this was needed for sustainable economic growth.
“What we are about to start today has been the result of intense but fruitful negotiations,” he said.
“What makes TappooCity more special is that this development will be a win-win situation for the council.”
As part of the agreement, the Tappoo Group will:
l Construct a gateway to Churchill Park
l Construct five corporate booths for the council at the back of the complex facing Churchill Park
l Develop car parks and provide those to the council on the Eastern and Western end of the complex.