The Asian Development Bank will provide a $2 million dollar grant to prepare the Nadi Flood Alleviation Project.
The assistance was confirmed during the 52nd Annual Meeting of ADB’s Board of Governors in Nadi.
The grant is from the Japan Fund for Poverty Reduction.
ADB’s Regional Director- Masayuki Tachiiri says this partnership recognizes the economic importance of Nadi as a vital hub for logistics and tourism for Fiji.
Permanent Secretary for Economy-Makereta Konrote says urgent action is needed now on adaptation and building resilience.
The January 2009 flood that devastated large areas of Fiji, claimed 11 lives, left 12,000 people homeless and caused $113 million of damage.
The Nadi area was the worst hit, with total damage estimated at $81.2 million. The ADB assistance will identify an economically optimal flood alleviation investment that reduces economic and social losses and loss of life from floods in the Nadi area.
ADB is committed to achieving a prosperous and sustainable Asia and the Pacific.