MAJOR INVESTMENT IN THE MARSHALL ISLANDS

MAJOR INVESTMENT IN THE MARSHALL ISLANDS

Posted by : Quoting Radio New Zealand Posted on : 17-Oct-2019

“An investment of $US33 million is being made to upgrade maritime infrastructure in the Marshall Islands.

“The country's president, Hilda Heine, said significant planning was underway for the Maritime Investment Project, which will be officially launched next month.

“Upgrades would include the repair of quays, wharves and other structures, Dr Heine said.

“The project would also usher in improved safety of port operations at main centres and outer island docks and strengthen maritime transport across the country, she said.

“Under the funding package, $US12.35m is to be invested into maritime infrastructure and $US7.65m in maritime safety and security.

“Additionally, $US13.12m has been allocated for technical assistance for port planning and project management.

“The project, funded through the World Bank's International Development Association, is being implemented by the Marshalls' Ports Authority, its ministries of Transportation and Communications, Finance, Justice, and the National Disaster Management Office.”

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