US$50m Loan Signed For Winston Rehab

World Bank and Asian Development Bank partners with Govt for reconstruction efforts   The Asian Development Bank and World Bank yesterday signed a loan agreement of US$50million (F$103m) each with
19 Jul 2016 09:25
US$50m Loan Signed For Winston Rehab
Asian Development Bank Regional Director for the Pacific Robert Jauncey(left), Attorney-General and Minister for Economy Aiyaz-Sayed Khaiyum(right) during the loan Agreement signing yesterday.Photo:Vilimoni Vaganalau.

World Bank and Asian Development Bank partners with Govt for reconstruction efforts


The Asian Development Bank and World Bank yesterday signed a loan agreement of US$50million (F$103m) each with the Government at Suvavou House in Suva.

This brought the total amount to $US100million.

The Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum said World Bank and ADB had provided a facility each towards reconstruction efforts that were announced in the 2016-2017 national Budget.

World Bank acting country director for Papua New Guinea, Timor-Leste and the Pacific Islands, Mona Sur, said it: “Our partnership with Fiji has been going from strength to strength; we are very pleased to open our office in Fiji; opening in May and we are looking forward to strengthening our presence on the ground and continue supporting Government.

“Not only supporting Fiji’s rehabilitation of Cyclone Winston but all of Government’s efforts in terms of building better and the resilient of your infrastructure in the future if there is another natural disaster ; you will be in a much better position to support its people,” she said.

Asian Development Bank regional director for the Pacific, Robert Jauncey, said they were very pleased to work with the World Bank in supporting Government’s efforts on reconstruction following TC Winston.

“ADB is particularly happy to be able to support some of the Government’s efforts on the Help for Homes initiative and Prime Minister’s launch of the Adopt the School Programme,” he said.

Mr Jauncey said the loan was to assist Government’s budgetary allocations towards the cyclone reconstructions works.

Mr Sayed – Khaiyum said they had allocated around $205m for reconstruction, $130m respectively for the reconstruction of schools and public facilities.

He said rehabilitation work was needed for the agricultural sector like dalo and kava farming

The reconstruction also included Government facilities, agricultural stations and civil servants quarters in rural areas.

He said a construction implementation unit would essentially look into the process and they had partnered with the Fiji Institution of Engineers to carry out assessment in respect of plans underway.

Mr Sayed-Khaiyum said tenders would be put in a couple weeks and once it was finalised, reconstruction work was expected to start.

He said it was important that they accessed the funds.

“We are trying to encourage more construction companies to come in, partner with private sector to expertise the reconstruction process,” Mr Sayed-Khaiyum said.


Second phase of Help For Homes Intiative to begin next month

Mr Sayed-Khaiyum revealed the second phase of Help for Homes initiative is expected to begin next month

“In the new financial year which starts in August; we have allocated $20 million dollars.

“As announced in the Budget that we will be going back to the red zone areas to see any people that have been left out and they will be given priority,” Mr Sayed-Khaiyum said.

He said if people had made false declarations or the team suspected something, the audit team from the Ministry of Economy would go carry out independent assessments, if need be, the matter would be referred to Police.

“As you know, a few people have been charged and some other files are pending, that is the process,” Mr Sayed-Khaiyum said.

Edited by Filipe Naigulevu



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