31 Oct 2009

American Samoa's Fono approves loan bill

8:06 am on 31 October 2009

The Fono in American Samoa has approved a loan bill that will allow the government to lend up to 10 million US dollars to the American Samoa Power Authority.

ASPA is seeking the funds for repairs to damage caused by last month's disaster earthquake and tsunami.

The acting governor Faoa Sunia informed the Fono leadership he has approved the loan bill.

He says the bill will provide an avenue for ASPA to continue to operate at a level constant with the expectation of the public.

ASPA estimates that it would need a little over 3 million US dollars this month, another 3 million next each and again in December to meet additional tsunami related costs.