Fiji is set to receive $304.4 million in loans and grants following approval from the Asian Development Bank (ADB), according to a recent statement from the Cabinet. This funding will be allocated as part of the Critical Bridges Resilience Project, with approximately $271.6 million designated as concessional loans and around $32.8 million provided as grants.
The Fiji Roads Authority has identified four bridges that are slated for replacement under this development initiative. The project is expected to be completed by 2031, significantly enhancing the resilience and safety of Fiji’s infrastructure.
This investment marks a crucial step towards strengthening the nation’s transportation network, ultimately promoting economic growth and improving accessibility for communities across Fiji. The financial support from ADB not only demonstrates international partnership but also underscores a commitment to building a more robust infrastructure capable of withstanding future challenges.
Summary: Fiji will receive $304.4 million from the ADB for the Critical Bridges Resilience Project, including loans and grants to replace four aging bridges, with expected completion by 2031. This initiative aims to enhance infrastructure and foster economic growth.
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