Fiji is set to benefit from a substantial financial package of $304.4 million in loans and grants, following approval from the Asian Development Bank (ADB). This funding is linked to the Critical Bridges Resilience Project, aimed at enhancing the country’s infrastructure.
According to a statement from the Cabinet, the financial support comprises approximately $271.6 million in concessional loans and around $32.8 million in grants. The Fiji Roads Authority has identified four bridges for replacement under this initiative, signaling a commitment to improving transport links and overall infrastructure resilience.
The project is scheduled to be completed by 2031, reflecting a long-term investment in Fiji’s future.
This funding represents a significant boost for Fiji, demonstrating the commitment of international partners to support the nation’s development goals. Improved infrastructure can lead to enhanced economic opportunities and better quality of life for residents, paving the way for a brighter future for the island nation.
In summary, Fiji’s partnership with the ADB through this project highlights an essential step towards strengthening its infrastructure, creating a more resilient economy and community.
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