11 Jan 2017

Vanuatu aviation sector receives boost in funding

3:04 pm on 11 January 2017

The World Bank's board of directors has approved an extra $US14.1 million for the continued upgrade of Vanuatu's aviation sector.

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Photo: RNZ

In a statement, Vanuatu's finance minister Gaetan Pikioune said the government requested the additional funding to ensure the continued upgrade of the country's main international airport in Port Vila.

The bank's country director for the Pacific, Michel Kerf, said aviation is critical to Vanuatu's economy, providing essential links for tourism, trade, disaster response and recovery.

The $US14.1 million will be funded through a $US9.5 million credit, and a $US4.6 million grant from the International Development Association, the World Bank's fund for the world's poorest countries.

The total funding for the aviation investment project, including support from the Australian government, is now at $US73.9 million.

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