The World Bank has approved a USD 110 million (AUD 175 million) grant for Kiritimati (Christmas) Island in Kiribati. This six-year initiative aims to enhance climate-resilient transport infrastructure and stimulate economic growth, aligning with the Government of Kiribati’s Kiritimati Island Economic Development Program.
Kiribati faces unique challenges due to its vulnerability to climate change and sea-level rise. The capital, South Tarawa, where half of the nation’s population resides, experiences significant pressure on public services and limited employment opportunities. The country’s remoteness and inadequate transport links further exacerbate these issues, inflating costs related to supply chains, infrastructure development, and public service delivery. This project seeks to mitigate these challenges by improving connectivity and access to essential services on Kiritimati Island.
Key components of the project include upgrading Cassidy International Airport with runway repairs and safety enhancements, as well as improving the island’s road network to bolster domestic and regional connectivity. Additionally, the project incorporates an emergency response mechanism, enabling rapid fund disbursement in the event of crises or natural disasters.
Hon. Teuea Toatu, Kiribati’s Vice President and Minister of Finance and Economic Development, emphasized the project’s comprehensive approach: “This six-year project enables us to address unique challenges faced by Kiribati such as climate change, economic development, and social welfare.” Stefano Mocci, World Bank Country Manager for the South Pacific, added, “This is a unique opportunity to tap into Kiritimati Island’s potential in unlocking economic opportunities while protecting the island’s unique natural resources and habitat.”
The project will be implemented collaboratively by the Ministry for Line and Phoenix Islands Development and the Ministry of Information, Communications, Transport, and Tourism Development, with support from the World Bank. This strategic investment is poised to transform Kiritimati Island into a hub of sustainable economic activity, enhancing the quality of life for its residents and contributing to the nation’s long-term resilience.
Main courtesy: LinkedIn
