Series of agreements signed today
October 16, 2017 6:02 am
A series of agreements were signed today between the Fijian Government, the Asian Development Bank and the Green Climate Fund for a water project in the greater Suva area.
The 10 year Urban Water Supply and Wastewater Management Investment Program will ensure that critical infrastructure is resilient to climate change.
The program is estimated to cost around 405.1 million US dollars and will be co-financed by loans from ADB and the European Investment Bank.
The funding will come in two tranches, the first loan of 42.1 million US dollars was signed today.
The second loan will be given during the implementation of the program.
A grant agreement was also signed between Fiji and the Asian Development Bank that will see the disbursement of a US$31 million grant from the Green Climate Fund for the program.
The Fijian government is expected to contribute $150.1 million US dollars towards the program.
The Project consists of the construction of a new water supply intake on the Rewa River with an associated water treatment plant, pumping station, reservoir and transmission main to connect the new source to the existing system and improve leak detection and repairs.