A MAJOR boost for Solomon Islands comes as the Asian Development Bank (ADB) strengthens its presence, focusing on transformative projects in energy and education to support sustainable economic growth and development.
“ADB supports Solomon Islands’ vision for sustainable and inclusive economic growth, driven by a vibrant private sector,” said ADB President Masato Kanda.
“We are committed to working with the government on transformative projects in critical sectors, including energy, infrastructure, and human capital development.”
Kanda met Solomon Islands Prime Minister Jeremiah Manele to discuss ADB’s current project portfolio of approximately $350 million, one of ADB’s largest in the Pacific region.
ADB investments include critical infrastructure such as the Tina River Hydropower Project, which is crucial for economic growth, affordable energy, and expanding renewable energy access in the provinces.
He noted that ADB was prepared to support these priorities through increased assistance and flexible budget support.
He also officially opened a full resident mission in the Solomon Islands, marking a significant step in their partnership. This upgrade elevates the status and size of the country office that we established back in 2008.
“The move reflects ADB’s strong commitment to Solomon Islands, increasing the bank’s in-country presence and bringing it closer to the government and the people it serves.
Kanda visited the ADB-financed Tina River Hydropower Project site to witness construction progress for the 15-megawatt hydropower plant.
“Once complete, the plant is expected to deliver clean and reliable energy that provides around 70 per cent of Honiara’s electricity needs,’’ he said.
“ADB’s support for the multi-donor-financed project includes an $18 million loan from its concessional ordinary capital resources and a $12 million grant from its Asian Development Fund.”
Kanda also visited the new Honiara campus of the University of the South Pacific, which was recently completed with ADB financing to expand and modernise facilities, provide new equipment, and introduce clean energy sources.
He met with students to learn firsthand how the improved campus is providing Solomon Islands youth with better access to quality education and training.