ADB Ap­proves sup­port for Tu­valu Mar­itime In­fra­struc­ture

Fiji Sun - - International Business -

The Asian De­vel­op­ment Bank’s (ADB) board of di­rec­tors has ap­proved a US$15.4 mil­lion (FJ$32.99m) grant as ad­di­tional fi­nanc­ing for the on­go­ing Tu­valu Outer Is­land Mar­itime In­fra­struc­ture Project.

“Im­prov­ing con­nec­tiv­ity and mar­itime safety be­tween the outer is­lands and the main is­land of Fu­na­futi is crit­i­cal to ex­pand ac­cess to es­sen­tial ser­vices and drive eco­nomic growth,” said ADB Pa­cific De­part­ment Di­rec­tor for Trans­port, En­ergy, and Nat­u­ral Re­sources Olly Noro­jono. “Cli­mate re­silience is be­ing in­cor­po­rated in project de­sign and op­er­a­tions.”

The ad­di­tional grant will fi­nance the con­struc­tion of a har­bor in Ni­u­tao to higher stan­dards of cli­mate re­silience.

The on­go­ing project, ap­proved by ADB in 2016, is fi­nanc­ing the con­struc­tion of a sim­i­lar har­bor in Nuku­lae­lae and boat ramps in Ni­u­tao and Nanu­maga.

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