The two shareholders of the Ifira Ports Development Services (IPDS) — Government and Ifira Trustees Limited (ITL) — have committed a stimulus assistance of Vt100 million to the community of Ifira.
Spokesperson of the Ifira Council of Chiefs, Manuariki Pakoa Kaltonga, said the bulk of the stimulus payment will be used for the construction of the Chiefs’ Farea Project and the rest will provide forms of income for the community at large in this difficult time.
“We have to understand that Ifira people, being the custodian land owners of Port Vila are unable to cultivate land for gardening. During this COVID-19 crisis we are productively stuck,” he said.
“One of the ways to boost economy is stimulate our own companies.”
Kaltonga said the Farea will be designed in a unique structure and will adequately accommodate meetings, the island’s court system and other community activities.
The unveiling of the Ifira Chiefs’ Farea was uncovered by the Chief of Ifira, Paunimanu Mantoi Kalsakau III and Prime Minister (PM) Bob Loughman during the recent handing over of the Vt100 million stimulus payment.
PM Loughman said he is happy that the shareholders of the company have decided to extend morale and social support to their people, through the stimulus package.
“The government’s moral and social responsibility could not meet the needs of the whole population. All companies also have a moral and social responsibility towards their employees,” he said.
Apart from the Vt100 million stimulus assistance, IPDS shareholders also handed over a cheque of Vt100 million as part of its first loan repayment for the Lapetasi Wharf to the Japanese Government.
This was done in the presence of the Deputy Prime Minister (DPM) and Minister of Internal Affairs, Ishmael Kalsakau and Minister of Finance, Johnny Koanapo as the shareholder minister, IPDS Board and ITL Directors.