USD$ 170 Million Opportunity

Government Commits to USD$170 Million Creating More Employment Opportunities

THE SOLOMON Islands Government has recently signed an agreement with China Civil Engineering Construction Corporation (CCECC) for the Maritime Component of the Land and Marine Connectivity Project (LMCP). This project aims to improve transportation networks and infrastructure in the Solomon Islands, with a budget of USD 170 million secured from the Asian Development Bank.

The Maritime Component specifically involves the rehabilitation of the Honiara International SeaPort, as well as the construction of the Honiara Domestic Seaport and two provincial seaports. Additionally, the LMCP includes a land component that will improve existing road networks.

The contract for the land component was signed earlier this year, and preparatory work is already underway.

The Solomon Islands Government, through the Ministry of Finance, executed the project signing, with the

Ministry of Infrastructure Development to be the key implementing agency.

Once complete, the project aims to improve connectivity, efficiency, and disaster resilience of transportation networks, as well as improving access to education, health, and social service facilities. It is also expected to provide increased opportunities to local businesses and improve the overall wellbeing of the people of the Solomon Islands.

This project is a significant milestone for the Solomon Islands Government, as it demonstrates their commitment to improving infrastructure and connectivity throughout the country.

The government has been working closely with CCECC and the Asian Development Bank to ensure the project's success, and they look forward to seeing the positive impacts it will have on the people of the Solomon Islands.