The Fijian Government has partnered with the Asian Development Bank (ADB) to secure funding for the Critical Bridges Project, with a Loan and Grant Agreement signed at the Ministry of Finance in Suva. The agreement was officiated by Deputy Prime Minister and Financial Minister Professor Biman Prasad, ADB Pacific Regional Director Aaron Battern, and Fiji Roads Authority acting CEO Apisai Ketenilagi.
The total financing for the project amounts to approximately $134.5 million (AUD 307.7 million), including a concessional loan of $120 million (AUD 274.5 million) and a grant of $14.5 million (AUD 33.2 million). Professor Prasad highlighted that this initiative is part of the newly launched national development plan aimed at elevating the state of infrastructure over the next five years, with a strong focus on enhancing and maintaining rural roads.
The Fiji Roads Authority (FRA) will manage the implementation of the project, which includes the replacement of four key bridges identified as needing urgent attention: the Lami bridge at Suvavou, Medraukutu bridge at Lami Cement Factory, Sabeto bridge over Sabeto River, and the Viseisei bridge located between Nadi and Lautoka. This funding marks the first instance of infrastructure sector financing on concessional terms from the ADB for the Fijian Government.
Mr. Ketenilagi emphasized the importance of adopting a comprehensive approach to the project, particularly in incorporating climate change considerations into the designs. The new bridges are anticipated to bolster climate-resilient transportation infrastructure and minimize long-term disruptions. The construction is set to commence next year, with expectations for completion within three years.
This project not only reflects a commitment to enhancing infrastructure in Fiji but also a proactive stance towards sustainable and resilient development. By improving critical transportation links, the initiative may offer substantial benefits to local communities and the economy, driving growth and connectivity across the region.
Summary: The Fijian Government has signed an agreement with the ADB for the Critical Bridges Project, securing $134.5 million in loans and grants to replace four key bridges. The project aims to enhance infrastructure and resilience against climate change, starting next year with a planned three-year completion timeline.
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