Taiwan’s assistance to build the national stadium in Solomon Islands concludes this month
8 May, 2019, 11:20 am
HONIARA, 08 MAY 2019 (ISLAND SUN) – As the clock ticks away to the 2023 Pacific Games, Solomon Islands and Taiwan are yet to sign the financing agreement for the construction of the National Stadium, it was revealed yesterday.
Honiara will use the National Stadium, expected to be built on the adjoining sports fields of King George VI School and the Solomon Islands National University (SINU), for the 2023 Pacific Games.
“While the over-arching agreement which binds Taipei and Honiara to their commitments to the project have been signed, discussion on the financing aspect is still on-going,” Secretary to Prime Minister Dr Jimmy Rodgers told Island Sun.
Overseas media reports suggest that Solomon Islands is getting financial assistance estimated at NT900 million in “strategic loans” from Taiwan for the project.
But Dr Rodgers said at this stage no one knows how much Taiwan would provide.
“It could be more, it could be less,” Dr Rodgers said in response to recent media reports quoting NT900 million in “strategic loans.”
The news of the loan or loans is certain to take some by surprise as many believed it was going to be grants.
Dr Rodgers said the government is hopeful that details of the financing agreement would be concluded, agreed to and signed later this month.
“We will just have to wait and see,” he said.