The Fijian Cabinet has approved loan and grant agreements with the Asian Development Bank (ADB) to support the Fiji – Critical Bridges Resilience Project. This initiative will provide a total financial package of USD 134.5 million, equivalent to approximately FJD 304.4 million. Out of this amount, USD 120.0 million, roughly FJD 271.6 million, will be awarded as a concessional loan, while USD 14.5 million, approximately FJD 32.8 million, will be allocated as grants.
The Fiji Roads Authority has identified four bridges that will be replaced as part of this project, which is expected to be completed by the year 2031.
This project not only aims to enhance infrastructure resilience in Fiji but also underscores a strong partnership with international financial institutions like the ADB, promoting economic development and improving connectivity in the region.
In summary, Fiji’s investment in bridge resilience reflects a proactive approach to infrastructure development that can foster greater accessibility and improve the overall quality of life for residents. This cooperation with the ADB is a promising step towards strengthening Fiji’s infrastructure capabilities.
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