EXPRESSION OF INTEREST 01/2026

DEVELOPMENT FINANCING PARTNERSHIP AT THE

NAMELIMELI GREEN AFFORDABLE HOUSING PROJECT – NAVUA

1. Invitation to Submit Proposals

The Public Rental Board (the “Board”) is established by the Housing (Amendment) Decree 1989 and is mandated to provide affordable rental and titled housing to low-income families in Fiji. The Board hereby invites proposals from qualified financial institutions in Fiji to provide development financing and/or structured financing partnerships for the Namelimeli Green Affordable Housing Development Project located in Navua.

This Request for Proposals (RFP) follows an Expression of Interest process and seeks detailed financing proposals from institutions capable of supporting affordable housing development integrated with green infrastructure and climate-resilient technologies.

2. Project Overview

The Namelimeli Green Affordable Housing Development is a proposed sustainable residential subdivision located on approximately 10 acres of land at Namelimeli in Navua.

The development will provide 47 affordable residential homes designed for low-income households earning less than FJD $30,000 annually.

The project integrates renewable energy systems, sustainable water management, and climate-resilient infrastructure.

3. Key Project Details

Item	Description
Project Location	Namelimeli, Navua
Land Area	10 Acres
Total Residential Lots	47
Lot Size	800 m²
Housing Unit Size	70 m²
Housing Type	Incremental housing
Target Market	Low-income households (< $30,000 income)

Each housing unit will be sold for approximately FJD $120,000, including the Government First Home Ownership Grant of $30,000 for eligible buyers.

4. Green Development Components

The development incorporates multiple environmentally sustainable initiatives designed to support Fiji’s climate adaptation and green development goals.

Key features include:

• Solar photovoltaic systems installed on each home
• 1000-liter rainwater harvesting tanks
• Greywater recycling systems for garden irrigation
• Household vegetable and fruit gardens
• Vetiver grass erosion control along drainage channels
• Sustainable drainage systems
• Cyclone-resilient housing construction
• Tree planting and biodiversity enhancement
• Organic waste composting programs.

These features support eligibility for green financing and climate-related grant funding.

5. Project Value

• Estimated development cost:

FJD $5.2 million

• Projected project revenue:

FJD $5.64 million

6. Financing Requirements

The project seeks a financing partner to provide approximately:

FJD $5,000,000 in development financing.

The financing facility will primarily support:

• land development and subdivision
• internal road and drainage infrastructure
• housing construction
• renewable energy installation
• environmental infrastructure components.

Green development grants will be pursued separately to support climate infrastructure elements.

7. Financing Partnership Models

Financial institutions may propose one or more of the following financing structures:

• Development loan facility
• Structured housing development financing
• Joint development financing partnership
• Green finance facility
• Blended finance structures incorporating climate funding.

Institutions are encouraged to propose financing structures that improve affordability and sustainability outcomes.

 

8. Eligibility

Proposals are invited from:

• Licensed commercial banks operating in Fiji
• Development finance institutions
• Green finance institutions
• Investment institutions with experience in housing development financing.

9. Proposal Requirements

Interested institutions should submit a proposal including:

Institutional Profile

• Organization overview
• Relevant experience in housing or infrastructure financing.

Financing Proposal

• Proposed financing structure
• Proposed loan amount or investment
• Interest rate or financing terms
• Loan tenure and repayment structure.

Project Financing Experience

• Experience with housing development projects
• Experience with green financing or climate-related projects (if applicable).

Risk and Security Requirements

• Proposed security structure
• Risk sharing arrangements (if applicable).

10. Evaluation Criteria

Proposals will be evaluated based on the following criteria:

Criteria	Weight
Financing structure and terms	35%
Institutional experience	25%
Support for green development	20%
Financial competitiveness	20%

11. Submission Deadline & Format

Proposals labelled “EOI 01/2026 – Development Financing Partnership at Namelimeli” must be uploaded to the PRB portal: www.prb.com.fj.

 

Addressed to: The General Manager, Public Rental Board, P.O. Box 5275, Raiwaqa.

 

Deadline: Submissions must be: no later than 3pm, 20^th March 2026.

(late submissions may not be considered).

 

For further information and registration of interest, please contact: Maloni Daurewa on 8360275 or email: tenders@prb.com.fj

13. Clarifications

Requests for clarification regarding this EOI may be directed to Mr Maloni Daurewa on 8360275 or email: tenders@prb.com.fj

 

Additional project information, including conceptual site plans and financial projections, may be provided upon request.

14. Confidentiality

All information provided by the project developer must be treated as confidential and used solely for the purpose of preparing proposals under this EOI (RFP).

15. Disclaimer

The issuance of this Request for Proposals through EOI does not constitute a commitment to enter into a financing agreement. The Board reserves the right to:

• accept or reject any proposal
• negotiate with one or more institutions
• cancel or modify the RFP process.