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Government of Solomon Islands

The Asian Development Bank (ADB) is providing the Government of Solomon Islands with the second tranche of financing for its Land and Maritime Connectivity Project totaling $53 million. The project is strengthening transport infrastructure in the Solomon Islands. The Land and Maritime Connectivity Project was approved by the ADB Board in June 2021, to be funded by a concessional loan of $74.4 million and a grant of $74.5 million. The grant is sourced from the Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries. The Government of Solomon Islands contributes the remaining $21.8 million of the project’s overall cost of almost $171 million. The project is a 10-year multitranche financing facility, enabling ADB’s long-term support to the country’s transport sector. Tranche 2 will continue rehabilitating and climate-proofing road transport infrastructure from the first tranche. Works on the remaining 26 kilometers (km) of the Henderson–Mberande road section have commenced, while rehabilitating the 1.7 km Honiara City Council–Ground section and upgrading the 3.1 km Town Ground–White River section are ongoing. Both are critical road links on Guadalcanal Island. Climate resilience features are integrated into the road design to ensure all-year access along the east-west corridor on the island. After the completion of civil work, 5-year performance-based maintenance will follow to sustain road quality and endurance. Maritime transport infrastructure will be improved in the second tranche, with work beginning for the provincial wharves under the project in Kira Kira and work in Ahanga expected to start soon. Marketplaces and passenger buildings will be included as part of the provincial wharves. Support for institutional improvement is a key element of the project, particularly in the second tranche. Part of the support is to develop a gender strategy to support women in technical and leadership roles in the Ministry of Infrastructure Development. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

ADB Provides $53 Mn Financing to Government of Solomon Islands

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