ADB, JICA support aviation sector in Fiji during COVID-19
The Asian Development Bank has signed a loan agreement that utilizes the Leading Asia's Private Infrastructure Fund (LEAP), funded by The Japan International Cooperation Agency, for aviation transportation businesses in Fiji.
This finance will provide a loan for aviation transportation groups that have been severely affected by COVID-19. It includes a direct loan of $40 million from ADB and a loan of $25 million from LEAP.
The LEAP is a part of the follow-up measure for the Partnership for Quality Infrastructure, which was announced by the Japanese government in 2015. Targeting high quality private infrastructure projects in the Asia-Oceania region, the fund provides assistance for such projects organized under various arrangements, such as public-private partnerships.
