Fletcher Building has been named as a construction partner in the redevelopment of Bridgecorp's ill-fated Momi Bay resort - a contract worth $130 million to the NZX-listed firm.
A failed Fiji resort project that imprisoned fraudster Rod Petricevic and other Bridgecorp directors poured $106 million into, Momi Bay was officially restarted by the country's Prime Minister, Commodore Frank Bainimarama, yesterday.
The half-finished Momi Bay resort was the largest property project Bridgecorp had put money towards and in 2006 was to have been the biggest resort development in Fiji and the South Pacific.
The project was behind schedule and had run into trouble well before Bridgecorp collapsed in July 2007, owing $459 million to 14,500 investors.