Australia, through the Australian Infrastructure Financing Facility for the Pacific, has signed a FJD106 million (AUD68 million) investment in Airports Fiji Pte Ltd (AFL). The Australian investment, alongside ANZ Fiji, will help fund capital works at Nadi International and other outer islands’ airports, refinance existing debt, and address several infrastructure priorities of Fiji Airports Limited.
The financing utilises AIFFP’s guarantee mechanism to facilitate a Fijian Dollar denominated loan by co-lending with ANZ.
The return of international tourists is vital to Fiji’s economic recovery. Support provided by AIFFP and ANZ Fiji will ensure that once international travel reconvenes, Fiji and neighbouring islands will be ready to welcome travellers.
AFL is a Fijian state-owned enterprise, highly prized by the Fijian Government, and the primary provider of commercial airport services in Fiji. The financing provided by the AIFFP and ANZ will facilitate economic growth and prosperity by boosting local tourism infrastructure, increasing local jobs in Fiji and provide an aviation hub for the Pacific at the Nadi International Airport.
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- Supporting tourism recovery in Fiji | Australian Minister for Foreign Affairs Minister for Women (foreignminister.gov.au)