The Fijian Cabinet has approved loan and grant agreements with the Asian Development Bank (ADB) as part of the Fiji Critical Bridges Resilience Project. This initiative will provide Fiji with substantial financial support, totaling USD 134.5 million (around FJD 304.4 million). The financing breakdown includes USD 120.0 million (approximately FJD 271.6 million) as concessional loan financing, alongside USD 14.5 million (approximately FJD 32.8 million) designated as grant funding.
Under this project, the Fiji Roads Authority has identified four bridges that will be replaced, enhancing infrastructure resilience across the country. The project is expected to reach completion by 2031, marking a significant step forward for Fiji’s transportation system.
This investment not only underscores the commitment to improving infrastructure but also reflects a proactive approach to ensuring the safety and reliability of vital connections in Fiji. The project promises to boost local economies and improve accessibility for communities, paving the way for a brighter future.
In summary, the Fiji Critical Bridges Resilience Project represents a major investment in the country’s infrastructure, which will likely foster economic growth and enhance the well-being of its citizens. The collaboration with ADB is a testament to Fiji’s commitment to sustainable development and resilience.
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