The Fijian Cabinet has approved financial agreements with the Asian Development Bank (ADB) as part of the Fiji Critical Bridges Resilience Project. This initiative will provide Fiji with a substantial total of USD 134.5 million (around FJD 304.4 million), which includes USD 120.0 million (approximately FJD 271.6 million) in concessional loan financing, along with USD 14.5 million (about FJD 32.8 million) in grant funding.
The Fiji Roads Authority has identified four bridges that will be replaced under this project, which is expected to be completed by 2031.
This project not only aims to enhance the safety and resilience of Fiji’s infrastructure but also signifies a major investment in the country’s future economic stability and growth. By upgrading critical transportation links, Fiji is taking a proactive step towards ensuring robust connectivity and accessibility for its communities.
Summary: The Fijian Cabinet has approved a significant USD 134.5 million funding from the ADB for the Critical Bridges Resilience Project, which will replace four bridges identified by the Fiji Roads Authority, concluding in 2031.
Hopeful spin: This project represents a promising step forward for Fiji, enhancing infrastructure resilience while providing opportunities for improved transportation and economic development in the region.
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