Australia, through the AIFFP, will boost its support for Fiji’s economic recovery and climate-resilience with a AUD72 million concessional, results-based financing package. This will support the renewal of more than 1.5 million square metres of road surface and replacement of nine key bridges through the Fiji Transport Infrastructure Restoration Project.
The new investment, which includes a grant of AUD14.7 million, between Australia and the Republic of Fiji was officially agreed to at a signing ceremony with the Hon. Aiyaz Sayed-Khaiyum, Fijian Attorney-General and Minister for Economy, Civil Service, Communications, Housing and Community Development, and Mr John Williams, Australia Chargé d’affaires, in Suva on 18 October 2022. It represents Australia’s first sovereign loan to the Republic of Fiji, and is delivering upgrades to nine critical bridges and renewing more than 1.5 million square metres of road surface throughout Fiji.
Focussing on replacing and renewing critical transport infrastructure, the Fiji Transport Infrastructure Restoration Project will ensure that nine key bridges in Fiji are climate resilient and designed to withstand a one in 100-year rainfall event.
As Fiji continues to recover from the COVID-19 pandemic, the investment will also sustain much-needed economic activity, with the majority of the workforce to be local Fijians.
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