The Fijian government has successfully secured a substantial funding package of approximately $134.5 million (around F$307.7 million) from the Asian Development Bank (ADB) to initiate the Critical Bridges Resilience Project. This investment will focus on replacing four significant bridges on the main island of Viti Levu, which is crucial for enhancing the country’s infrastructure resilience to climate change.
The financial support consists of $120 million in concessional loans and $14.5 million in grants. Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, emphasized the importance of this funding in addressing urgent infrastructure needs and safeguarding crucial transport links from extreme weather conditions. According to Prasad, these upgrades are vital not only for improving connectivity but also for fostering long-term sustainable growth in Fiji.
The project will specifically target the replacement of the Lami, Medraukutu, Sabeto, and Viseisei bridges. These structures play an essential role in linking communities and facilitating trade and tourism throughout the region. The upgrades are in line with Fiji’s National Development Plan, which prioritizes infrastructure development that can withstand climate impacts and enhance community connectivity.
The terms of this loan are notably advantageous, featuring a repayment period of 40 years along with a 10-year grace period. This arrangement provides the Fijian government with the necessary flexibility to implement the project without imposing severe financial burdens.
This financial agreement also signifies a strengthened relationship between Fiji and the ADB, showcasing a collaborative effort to improve the country’s infrastructure and resilience against climate change challenges.
Overall, this project represents a significant step towards building a more resilient Fiji, as the country confronts the realities of climate change while aiming for sustainable development. It paints a hopeful picture of a nation committed to improving its infrastructure and safeguarding its future.
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