"Fiji Airports has secured a multi-million dollar finance facility through ANZ in partnership with the Australian Infrastructure Financing Facility for the Pacific. The total value of the finance facility is confidential. Minister for Economy Aiyaz Sayed-Khaiyum says this finance facility ensures that Nadi International Airport is equipped with facilities to serve as the gateway to the new normal for the entire Pacific.
The global economic burden of COVID-19 has vastly impacted Fiji and other Pacific island countries with international tourism on hold.
Australia, through the Australian Infrastructure Financing Facility for the Pacific, has reached out in providing support to Fiji at this critical time. The AIFFP, alongside ANZ Fiji, has signed a FJD106 million (AUD68 million) investment in Airports Fiji Pte Ltd (AFL). The investment uses the AIFFP’s new guarantee capability to facilitate local currency lending (in Fijian dollars).
AFL is a Fijian state-owned enterprise, highly prized by the Fijian Government, and the primary provider of commercial airport services in Fiji. The financing provided by the AIFFP and ANZ will facilitate economic growth and prosperity by boosting local tourism infrastructure, increasing local jobs in Fiji and provide an aviation hub for the Pacific at the Nadi International Airport.
The imminent return of international tourists is vital to Fiji’s economic recovery. Support provided by AIFFP and ANZ Fiji will ensure that once international travel reconvenes, Fiji and neighbouring islands will be ready to welcome a plenitude of travellers.