In Fiji:

March 24, 2022, 4:50 pm
Business, Fiji News

TLTB works on pre-packaged land for leasing

Fiji One News Team
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Story By:
I-Taukei Land

TLTB has part of its business excellence journey strives for continuous service improvement and the need to fully survey all iTaukei lands in Fiji whereby the automation, integration, and streamlining of all its systems and processes is vital.

TLTB’s Online Marketplace platform has recently been developed in collaboration with ADB and KPMG Singapore and to be launched in 2022 will integrate with the Land Price Index (LPI) and Land Rent Index (LRI).

This will allow automation of rent and premium with use of prevailing market rates and also ensures a fair and equitable returns to landowners for the use of their land for leasing and development purposes.20% of gross new leases (600) created in 2022 will be processed in this new online platform, and thereafter will gradually be increased over the next 3-5 years until it becomes fully part of the Boards business operations. To align with this strategic

“To Be” process, TLTB has created a new Department – the Land Services Department in 2022, which has specific experts with skillsets on environment, land use planning, valuation, survey, engineering, estate management, and land acquisition – to enable this new way of doing business. Moving forward, TLTB will now consider pre-packaging (cleaned, vetted, verified, and pre-approved) comprehensively-schemed subdivision plans and lots by the Department of Town & Country Planning (DTCP).

This will require partial and full outsourcing of services for civil works, surveying, valuation, and planning for selected subdivisions. For the first quarter of 2022, the Land Available team under this new Land Services Department, have been actively engaging with various land-owning units (LOUs) around Fiji, to empower them on the protection, use, and management of their land and resources. Included in this process is the land use planning awareness and training.

Taking planning to our grassroots communities – our landowning units (LOUs), is part of TLTB’s strategy to localize our approved Regional Master Land Use Plans (Greater Suva, Greater West, and Greater North). This is also part of the Board’s strategy for digitalizing through “One Map Fiji” – where all LOUs in Fiji are planned and mapped.

These Plans will then be used by the Board to guide the administration of leases and licenses, and also assist landowners in areas for assistance, development, and socio-economic empowerment. Our activities during these meetings allow landowners to be active participants and owners of their own plans. Basically, the LOU Planning exercise aims to have the landowners tell us what to protect, and the lands they intend to release for development/leasing purposes.

TLTB, through the Land Services Team, then assists in scheme planning and development of access roads, bringing in fair and equitable returns to the landowners and thus improving livelihoods.

So far (1st Quarter 2022), the Land Available Team has been able to conduct 65 LOU engagements across all regions, with 300 parcels anticipated by the end of March.

These lots will be cleaned (vetted, verified, pre-packaged) and uploaded onto the Online Marketplace to be openly traded and leased.

Through the Online Marketplace platform, prospective tenants will be able to openly bid and access readily parcelled and accessible land for leasing and development purposes.