ADB to finance transport network project in Solomon Islands
The Asian Development Bank (ADB) has approved support of almost US$150 million for the Solomon Islands Land and Maritime Connectivity Project.
ADB is providing a grant of US$74.5 million sourced from the Asian Development Fund and a concessional loan of US$74.4 million, while the Government of the Solomon Islands is contributing the remaining US$21.8 million. The overall cost of the project is almost US$171 million.
The project is focused on the redevelopment of the country's road network and wharves. A total of 35 km of roads in and around of Honiara will be rehabilitated and upgraded. In addition, the project will support the construction of two wharves at Ahanga and Kira Kira and improvements of one wharf at Honiara International Port. The aim is to boost land and maritime connectivity in Solomon Islands.
Country updates
-
-
December 19, 2019
Tina River Hydro Project reaches financial close
The Tina River Hydropower Development Project sponsored by K-water and Hyundai Engineering Corporation has reached US$240 million financial close in the Solomon Islands. Six financing...
Read more -
December 12, 2018
Solomon Islands' first PPP reaches commercial close
Korea Water Resources Corporation (K-water) and Hyundai Engineering Corporation (HEC) have signed agreements to develop the Tina River Hydropower Project in Solomon Islands, the country's first l...
Read more -
May 09, 2014
Solomon Islands seeks EOIs for hydropower BOOT project
The selected developer is expected to design, finance, build, own and operate the project and sell capacity and energy to the Solomon Islands Electricity Authority (SIEA) under a long-term power purch...
Read more
