The Loan through Japan’s Leading Asia’s Private Infrastructure Fund to support aviation sector in Fiji. (12 March 2021)

On 12 March 2021, the Loan utilizing Japan’s Leading Asia’s Private infrastructure Fund (LEAP) was signed between Fiji Airways and the Asian Development Bank. The signing ceremony was joined by Hon. Faiyaz KOYA, Minister for Commerce, Trade and Tourism and Transport and H.E. Mr. KAWAKAMI Fumihiro, Ambassador of Japan.
LEAP fund was established through JICA and administrated by ADB, aiming at promoting Japan’s initiative of “Quality Infrastructure Investment” announced by the Government of Japan. The financing comprises 25 million USD loan from LEAP, in addition to the 40 million USD loan from ADB, to support the aviation sector in Fiji, which has been heavily affected by COVID-19 pandemic.