Independent journal on economy and transport policy
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the Sinhalese Aitken Spence will acquire 20% of the Fiji Ports Corporation
the society manages the four main ports of the Republic of the Islands Fiji
November 9, 2015
The Sinhalese Aitken Spence with the Fiji National Provident Fund, the main institution financial institution of the Republic of the Islands Fiji, has signed an agreement with the figiano government in order to acquire 59% of the Fiji Ports Corporation Ltd. (FPCL), the society of entire property of the executive of the Fiji who manages the four main ports of the Republic: Suva, Lautoka, Levuka and Malau.
The participation of Aitken Spence in Fiji Ports Corporation will be pairs to 20% and will be acquired with an investment of 34,6 million dollars of the Fiji (USA 16 million dollars). The agreement is subject to the approval of the Central bank Sri Lankan and other competent authorities.
Aitken Spence collaborates from half 2013 with the Fiji Ports Corporation, with which on 31 July of that year she has signed an agreement of Private Public Partnership in order to cooperate to the management of the ports of Suva and Lautoka through joint venture Ports Ltd Terminal. (PTL) of which the group Sinhalese it has acquired 51% of the capital, while remaining 49% have remained to the FPCL.
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