Investors of Nawi Island say they remain committed to the island’s natural beauty and tranquillity, and continue to advance with one of the largest American investments, coupled with its partner the Fiji Development Bank, to the Fijian economy.
Information provided by the investors state that with $80 million being invested into the project so far, they took immense pride in seeding a source of development and income for the local Savusavu economy, for decades to come.
According to the investors despite worldwide challenges, Nawi Island remains steadfast in their vision of building opportunities for the people of Savusavu and their neighbouring island families.
In an update on the development on the island, Nawi Island’s managing director Michael Gann said “After much anticipation and preparation, pile driving and pontoon manufacture commenced at the beginning of 2022 and we continue to work to accelerate the schedule in order to participate in the next yachting season.”
With four contractors working on site to build the Nawi Island International Marina in Savusavu, company’s plans to open a portion of the marina, accommodating designated superyacht berthing, will soon become a reality.
In addition, with a restaurant and fuel docks serving both local and international yachts, the marina is soon to become a sailor’s haven.
According to a statement from the investors, GC Marine Pty Ltd which is a Gold Coast Australia based company, is contracted to install marina piles and pontoons which have been designed for category five cyclone rated certification, drawing on the island’s natural geographical protection from inclement weather, being situated inside Savusavu Bay.
It also shared that with the marina construction in progress, the company was also focusing on securing a five-star international brand for its resort and spa, 38 private residences, and a select cluster of marina apartments, as phase three of the project, is earmarked for completion by 2025.
Meanwhile to complement the marina, a 112 yacht capacity dry dock, boatyard and haul out facility, with 75 tonne Marine Travelift, in Savusavu’s Balaga Bay, is in tender phase.
In July 2021, a major investor in Nawi Island, General Hathaway Holdings Ltd, pledged $20m in equity to complete the much-awaited project.
