ADB REHABILITATION FUNDS FOR SOLOMON ISLANDS

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HONIARA, Solomon Islands (December 28, 2000 – Radio Australia)---The Asian Development Bank will loan the Solomon Islands almost 20 million Australian dollars (US$ 11,198,000) to help rebuild the country’s infrastructure after 18 months of ethnic conflict between the Guadalcanal Isatabu Freedom Fighters and the Malaita Eagle Force.

A peace agreement now is in effect.

Called the Post-Conflict Emergency Rehabilitation Project, the loan is to used for rebuilding or restoring government offices, roads, bridges, the water supply and sanitation works, as well as schools and health facilities.

The bank said that damage on the main island of Guadalcanal and nearby provinces, estimated at up to 70 million Australian dollars (US$ 39,193,000), has placed a severe strain on government services.

The Solomon Islands’ Ministry of Finance will be the executing agency for the project, which is scheduled for completion by the end of 2003.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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