ADB agrees $150m financing to improve Solomon Islands transport
The Asian Development Bank has approved support of almost $150 million to boost land and maritime connectivity in Solomon Islands.
ADB is providing a grant of $74.5 million sourced from the Asian Development Fund and a concessional loan of $74.4 million for the Solomon Islands Land and Maritime Connectivity Project. The Government of the Solomon Islands is contributing the remaining $21.8 million of the project’s overall cost of almost $171 million.
The project will support the rehabilitation and upgrading of about 35km of roads in and around the capital, Honiara, the construction of two provincial wharves at Ahanga and Kira Kira, and improvements to the old wharf at Honiara International Port. The project is set to increase access to markets, clinics, and schools, while supporting the disaster resilience of the transport network in Solomon Islands. Climate proofing will be a key component of all the road and wharf upgrading under the project.
The ADB-supported project will complement the improvement works on road sections of the east–west Guadalcanal corridor financed by the Japan International Cooperation Agency.
