The Fijian Government has successfully secured a funding package of $134.5 million (around $307.7 million FJD) from the Asian Development Bank (ADB) to carry out significant infrastructure improvements. This allocation, part of the Critical Bridges Resilience Project, will focus on replacing four essential bridges on Viti Levu, thus enhancing the country’s infrastructure resilience to climate change.
The financial structure of the package comprises $120 million in concessional loans and $14.5 million in grants. This initiative is seen as a critical response to urgent infrastructure needs, ensuring that vital transport links can withstand extreme weather conditions. Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, emphasized the importance of these upgrades in boosting connectivity and fostering sustainable growth in Fiji.
The bridges slated for replacement are Lami, Medraukutu, Sabeto, and Viseisei. These bridges are integral to community connectivity, trade facilitation, and supporting the tourism sector. The upgrades are in line with Fiji’s National Development Plan, which emphasizes the creation of climate-resilient infrastructure.
The advantageous terms of the loan include a 40-year repayment period and a 10-year grace period, allowing the Government to implement the project without adding significant fiscal pressure. This collaboration also strengthens the partnership between Fiji and the ADB, reinforcing efforts to enhance infrastructure and combat climate-related challenges.
In summary, this project not only addresses immediate infrastructural deficits but also aligns with long-term, sustainable development goals, showing a positive commitment to climate resilience. The planned upgrades are poised to enhance both economic stability and community well-being in Fiji.
This initiative reflects a hopeful future for Fiji as it builds robust infrastructure to withstand the challenges posed by climate change, ensuring a better quality of life for its citizens and fostering continued economic growth.
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