Australia to help finance Tonga port as climate worsens Pacific infrastructure gap

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

By Kirsty Needham SYDNEY (Reuters) - Australia said it will grant A$31 million ($20 million) to Tonga to complete a vital port upgrade, boosting funds ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSYDNEY - Australia said it will grant A$31 million to Tonga to complete a vital port upgrade, boosting funds from the Asian Development Bank, as Canberra focuses on building climate resilient infrastructure.

The A$138 million port project is co-financed by the Asian Development Bank , which awarded the contract to New Zealand company McConnell Dowell, creating 80 local jobs. Pete Connolly, adjunct fellow with the University of New South Wales and the Center for Strategic and International Studies, said Tonga's high debt to China may have contributed to Australia's decision to provide extra funding for the port.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines