Fiji Time: 1:20 PM on Saturday 18 November

Fiji Times Logo

/ Front page / Archives » Article Index

Transport to get green funds

Lice Movono
Thursday, November 02, 2017

TRANSPORTATION will be a focus area to be funded by the $40 million raised by the Government when it issued its first green bonds yesterday.

Following the successful tender of the first tranche of the green bonds this past week, Attorney-General Aiyaz Sayed-Khaiyum said there was a "plethora" of issues which the bonds were earmarked to address.

Although vague about the details of other projects, he said there was a lot of work around clean transportation the Government could address as a result of the availability of the green bond funds.

"The green bonds also qualify for clean transport too, a lot of issues pertaining to transportation, the types of vehicles that we use, what type of technology we can bring in," he said.

Mr Sayed-Khaiyum said climate resilient development work could not be done in a linear fashion and explained several initiatives to help reduce the transportation sector's carbon footprint.

"It all sinks in as announced in the budget for example, now bus companies will be given 15-year licences, now that gives them a certain level of confidence. That means they can buy buses with newer technology, which means less carbon footprint," he said.

Also, the Minister Responsible for Climate Change and Economy said the proceeds of the green bonds would mean Government could assist other bus companies to adopt new technology, thereby helping to meet "our national determined contributions in respect of our carbon footprint."

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62050.6015
JPY 55.545452.5454
GBP 0.36760.3596
EUR 0.41340.4014
NZD 0.71590.6829
AUD 0.64370.6187
USD 0.48830.4713



Exchange Rate updated on 17th, November, 2017

Today's Most Read Stories

  1. A proud Fijian in Bonn
  2. Passion and pride
  3. Broken crossings raise villagers' concerns
  4. Dengue cases drop
  5. Surgical team offers free ENT treatment
  6. Labour to map out strategies for 2018 poll
  7. 18 artistes honoured
  8. Charting a course for change
  9. COP23: Tense finance negotiations delay close
  10. Listen to people's voices, NGO urges

Top Stories this Week

  1. Fiji places second for Miss World 2017 talent Wednesday (15 Nov)
  2. Signed, sealed, delivered, I'm yours Sunday (12 Nov)
  3. COP23: France invite for Timoci Friday (17 Nov)
  4. Storer stands strong Sunday (12 Nov)
  5. Students holiday fares clarified Tuesday (14 Nov)
  6. Where there's a will... Thursday (16 Nov)
  7. Stunningly impressive Tuesday (14 Nov)
  8. Bati-mania Tuesday (14 Nov)
  9. Tighten defence Wednesday (15 Nov)
  10. Arnold pays Fiji a visit Monday (13 Nov)