Majority of Mataqali Tilivasewa members in Tavua supported the renewal of a commercial lease to Prakash Properties Investment Limited, despite financial constraints in compensating for property improvements valued at approximately $3 million.
This clarification by the iTaukei Land Trust Board (TLTB) follows allegations made by Mataqali Tilivasewa member Tevita Ralulu during a recent public consultation in Tavua.
TLTB labelled the claims as “unfounded and misleading.”
In a statement issued today, TLTB clarified that the renewal process was conducted in full consultation with the landowners in February and April 2021.
Although COVID-19 restrictions caused delays, the Board ensured thorough engagement with the landowning unit before finalising the new lease agreement.
The Board stated that Mr Ralulu is the sole individual opposing the renewal and did not represent the collective view of Mataqali Tilivasewa.
With the establishment of the iTaukei Wealth Fund, TLTB says landowners now have the opportunity to purchase and compensate for improvements on leased land.
TLTB cited the recent acquisition of a commercial property in Sigatoka Town by Mataqali Ekubu as an example of how the fund is empowering landowners.
The Board also confirmed that two other commercial leases on iTaukei land in the area will not be renewed upon expiry. Plans are in place to revert these properties to the respective mataqali, with compensation for improvements facilitated through the Wealth Fund.
“This renewal marks a significant milestone in maintaining economic activity and development on iTaukei land while safeguarding landowner interests,” TLTB said.
