Land Bank impresses Bougainville Delegation
The introduction of a land bank system in Fiji has impressed a visiting delegation from the Autonomous Government of Bougainville.
The delegation is in the country to study Fiji's structure of land lease and other economic related movement.
Delegation head and Minister for Information for the ABG region Joseph Nope says they will try to implement a similar system
back in their region.
"We are really impressed with the land bank system that has been introduced by the Fijian Government," he said.
The delegation has been visiting government departments and agencies to learn from Fiji before they return home.
Prime Minister and Minister for Lands, Voreqe Bainimarama said the setting up of the land bank was to ensure proper use of land in generating economic activity.
The land bank has been set up so native owners can allow Government to use their property for development purposes and lease it at market rates.
Potential investors and farmers can sub-lease or lease land from the State for a period of up to 99 years from the land bank which was established under the Land Use Decree 2010.
The unit will only use land that has been designated by native titled landowners, from whom consent will have to be obtained.
The long processes and the delay to finalise leases frustrates applicants and therefore reduces the development of the economy in general.
Mr Nope said the Bougainville region had a lot of land, however they do not have a robust strategy such as the land bank.