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► Land ProductsLand Available for LeasingKUBULAU ISLAND

KUBULAU ISLAND

The iTaukei Land Trust Board (TLTB) invites written Expression of Interest (EOI) for the above island for Tourism Development at Kubulau Island, Nacula, Yasawa, in the Ba Province. The land comprises of  approximately  9.9636  Ha  /  24.62  Acres  (Subject  to  Survey)  of  iTaukei  land  known  as Kubulau Island in the District of Nacula, Yasawa, and Province of Ba  The iTaukei Land Trust Board (TLTB) invites written Expression of Interest (EOI) for the above island for Tourism Development at Kubulau Island, Nacula, Yasawa, in the Ba Province.  The land 
comprises  of  approximately  9.9636  Ha  /  24.62  Acres  (Subject  to  Survey)  of  iTaukei  land  known  as Kubulau Island in the District of Nacula, Yasawa, and Province of Ba 
 
1.0  PURPOSE 
The purpose of EOI is to seek Investors and Developers who wish to participate in the development of the proposed tourism development at Kubulau Island, Nacula District, Yasawa. 
 
2.0  SCOPE OF WORKS: 
The scope of works will include but not limited to the following: 
a)  Carrying  out  a  detailed  feasibility  study  in  order  to  determine  the  socio-economic  development mix and viability of the project. 
b)  For foreign investors, the approval of the Investment Fiji and the Reserve Bank are mandatory. 
c)  Carrying  out  all  survey  and  planning  works  in  accordance  with  the  requirements  of  the Department of Town and Country Planning and other approving agencies. 
d)  Undertake an Environmental Impact Study and associated reports. 
e)  Provide a project business plan and projected work schedule for the development. 
 
The successful Investor/Developer will be issued with a 89 year  lease with effect from 1st  July 2018 or  1st January  2019  (negotiable),     subject  to  payment  of  relevant  premium/cost/fees  (where 
applicable) under the iTaukei Land Trust Act [Cap 134]. 
 
The  lease  will  also  include  Special  Conditions  which  shall  be  agreed  by  the  Applicant  &  the  iTaukei Land Trust Board.  
 
3.0  LAND DETAILS & INFRASTRUCTURE 
a)  Land  Owning  Unit/  Mataqali  –  The  island  is  owned  by  Mataqali  Ketekete,  of  Vuaki  Village, Yasawa, Nacula District, Province of Ba. 
b)  Location  –  Kubulau  Island  is  located  next  to  Vuaki  Village,  the  district  of  Nacula,  in  the  Yasawas 
Group  of  Islands,  in  the  Western  Part  of  Fiji  Islands.  The  island  is  also  in  close  proximity  to  well 
established and renowned island resorts such as Turtle Island Resort, Nanuya Island Resort & Navutu 
Stars Resort.  
c)  Road/Transportation – Subject site can be accessed by sea or air. Approximately 30 minutes or less on twin otter plane from Nadi International Airport or from Wailoaloa Beach in Nadi for sea 
planes. It takes about 3 hours from Port Denarau on board the South Seas catamaran. It takes about 1 hour 15 minutes on board the Seabus catamaran boat from Lautoka Port. 
d)  Power Supply – Development on the site can be powered through diesel generator engines & solar energy. Due to the embryonic attribute of the island, it is advisable that solar energy powers 
to be recommended to developers. 
e)  Water  source  –  Water  can  be  sourced  from  the  main  island  at  Vuaki  Village  but  desalination 
plant  is  the  next  best  option.  Commercial  bottled  water  in  the  market  can  also  be  sold  in  the 
resort as drinking water.  
f)  Telecommunication: All telecommunications network are available (Telecom Fiji, Vodafone and 
Digicel) 
g)  Other  Services:  Subject  site  is  serviced  by  a  government  barge  which  service  the  area  twice  a month, service of Blue Lagoon Cruises in the Yasawa’s, and also service of Seabus Boat which travels daily  from  Coral  Sun  Resort  in  Nacula  to  Lautoka  Port  and  the  daily  catamaran  boat  by  South  Sea Cruises & Awesome Adventures. 
h)  Land Area: 9.9636 Ha / 24.62 Acres (Surveyed area).  
 
 4.0  TOURISM: STANDARD TERMS & CONDITIONS 
a)  Term of Lease: 89 years. Commencement date to be negotiated.  
b)  Premium (one off payment): $1,723,400.00 (VEP) (Negotiable) 
c)  Geographic coordinates Lat: 16°58'46.02"S Long: 177°21'20.03"E 
d)  Annual Rent (5 year development period): $10,000 per annum and reviewed every 5 years. 
e)  Education Fund: $5,000.00 per annum for the landowners and subject to review every 5 years. 
f)  Mataqali  Infrastructure:  $20,000  as  one  off  payment  to  assist  in  village  infrastructure development. 
g)  Subdivision/Resale: 5% - 10% of total consideration shall be paid for sale and resale of any subdivision. 
h)  Annual Rental, post development period: 3.5% the gross receipts at the commencement of the  6th  year  and  increase  by  0.5%  in  every  ten  years  thereafter  until  it  reached  5.5%  gross 
receipt as per tourism policy. 
i)  Land  owners:  To  be  given  first  preference  for  employment  and  hospitality  related  business activity. 
j)  A “Concept Plan” for the Advertised site to be provided within two years of issuance of lease. 
 
5.0  The EOI should include the following information as well: 
i.  Company profile, Registration, and Financial Statement/Status; 
ii.  Curriculum Vitae (CV) for individuals; 
iii.  A  deposit  fee  of  $545  (VAT)  to  be  submitted  together  with  the  EOI  that  will  be  refunded  if unsuccessful; and
  
All Investors/Developers must demonstrate their ability to undertake the above mentioned works and meet the criteria set out in the above scope of works, and also agreed to the above standard terms and conditions.  
 
For further details, contact the Manager Tourism, Mr. Peni Qalo on Telephone No. (+679) 6723771 Ext 251, Mobile No. (+679) 999 5904 or email: pqalo@tltb.com.fj  
 
Sealed  envelopes  marked  “EXPRESSION  OF  INTEREST  -  DEVELOPMENT  OF  KUBULAU ISLAND TOURISM DEVELOPMENT” is to be addressed to the Manager Tourism, TLTB, Private Mail  Bag,  Nadi  Airport  or  placed  in  the  appropriate  Tender  Box  located  at  TLTB  Tourism  Office, Level 1 Airport Central Building, Namaka Nadi. 
 
The  EOI  will  close  on  Friday  23rd  November  2018.  Late  submissions  and  submissions  through facsimile will not be accepted. 

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