Fiji to spend $205 million to recover from cyclone WinstonStaff Writer |
Natural disaster Foreign companies ready to rebuild Fiji
The Fiji Government officially formalised a $100 million loan deal with the World Bank and the Asian Development Bank (ADB).
Attorney-General Aiyaz Sayed-Khaiyum said the funds were critical to rebuild and invest in the country's infrastructure to avoid future damage.
"In the budget allocation, we have about $205m that has been allocated for reconstruction, we have around $130m for the reconstruction of schools and public facilities as well as rehabilitation in the agriculture sector and reconstruction of various government facilities such as civil servant quarters in the rural areas.
"The entire rebuilding is about $205m. There's a Construction Implementation Unit that will oversee that. Tenders will soon be given out in a couple of weeks and then the work starts but a lot of preconstruction work has been carried out."
He adds overseas construction companies had expressed interest for the tenders.
"What we are trying to do is get the best return out of every dollar so we'll see about clustering up the tenders. If it's one common area they may be able to get tender for 10 schools so we have a better pricing. We have a German company together with a local company expressing interest.
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