World Bank finances FSM road improvement project
The World Bank has approved a $40 million project for the Federated States of Micronesia (FSM) to improve the resilience of the country’s primary road network to natural disasters and climate change.
The FSM Prioritized Road Investment and Management Enhancements Project, which will be delivered across Chuuk, Kosrae, Pohnpei, and Yap states, aims to improve critical road infrastructure in areas at significant risk of disrepair and will help facilitate year-round access to critical infrastructure and services for communities - making travel safer and more reliable for all road users.
The project will fund improvements to the way climate change is addressed in the road sector, including through a Vulnerability Assessment, a Climate Resilient Road Strategy, and the development of a climate-informed road asset management system. Urgent improvements and upgrades to critical bridges and crossings in all four of FSM’s states will also be financed through the loan, as will a selection of near, medium, and long-term road works to enhance the resilience of the network in each state, based on the Vulnerability Assessment and Climate Resilient Road Strategy.
This project is part of the broader, $231 million Pacific Climate Resilient Transport Program, a series of independent projects designed to systematically improve the climate resilience of the Pacific’s transport networks to natural disasters and climate change. This project will be funded through a grant from the International Development Association
