Fiji has successfully obtained $134.5 million from the Asian Development Bank (ADB) to undertake the Critical Bridges Resilience Project, which will lead to the replacement of four vital bridges located on Viti Levu. This funding consists of $120 million in concessional loans and an additional $14.5 million in grants, aimed at enhancing the resilience of the nation’s infrastructure in light of climate change challenges.
According to Deputy Prime Minister and Finance Minister Professor Biman Prasad, this financial assistance is crucial for addressing critical infrastructure needs while ensuring that vital transportation links can withstand extreme weather conditions. He emphasized that these improvements will significantly bolster connectivity and facilitate sustainable growth for Fiji in the long term.
The bridges being replaced—Lami, Medraukutu, Sabeto, and Viseisei—serve as essential conduits for connecting communities, promoting trade, and supporting the tourism sector. The initiative aligns with Fiji’s National Development Plan, which underscores the importance of developing climate-resilient infrastructure and enhancing connectivity across the islands.
The loan agreement features favorable conditions, including a 40-year repayment term and a 10-year grace period, providing the Fijian government ample flexibility to implement the project effectively without placing a heavy financial burden on the state.
This collaboration between Fiji and the ADB exemplifies a commitment to strengthening infrastructure and addressing the inevitable challenges posed by climate change, ultimately contributing to a more resilient and sustainable future for the nation.
In summary, this project represents a significant step forward in improving Fiji’s infrastructure, promoting resilience against climate-related disruptions, and fostering economic growth through better connectivity. It is a hopeful sign of Fiji’s proactive approach to modernization and sustainability.
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