The World Bank has approved a grant of USD 110 million (AUD 175 million) to support sustainable economic development on Kiritimati Island in Kiribati. The initiative aims to enhance climate-resilient transport links and infrastructure development, assisting the government in transforming the island into a center of growth.
Kiribati faces significant challenges due to its vulnerability to climate change and sea level rise. In South Tarawa, the capital where half of the population resides, limited job opportunities and pressure on public services are ongoing issues. The country's remote location and lack of transport connections further complicate access to markets, raising costs for supply chains, infrastructure development, and public service delivery. Climate change effects heavily impact jobs and food security, increasing dependence on imported goods through international ports in Tarawa and Kiritimati.
The Kiribati Kiritimati Infrastructure Project, supported by the World Bank, seeks to improve service access and stimulate economic growth on Kiritimati Island. This project is aligned with the Government's Kiritimati Island Economic Development Program.
“This six-year project enables us to address unique challenges faced by Kiribati such as climate change, economic development and social welfare,” said Hon. Vice President Teuea Toatu, Kiribati Minister of Finance and Economic Development. “I very much look forward to this holistic approach that integrates environmental, economic and social aspects to ensure long-term sustainable benefits for the people of Kiribati.”
The World Bank's support will focus on developing better transport infrastructure for improved domestic and regional connectivity by air and road. It also aims to strengthen Kiribati’s capacity for prompt disaster response. Key components include upgrading critical infrastructure like road networks; enhancing Cassidy International Airport with runway repairs; safety improvements; and an emergency response component allowing rapid fund disbursement during crises or emergencies.
“This is a unique opportunity to tap into Kiritimati Island’s potential in unlocking economic opportunities while protecting the island’s unique natural resources and habitat," said Stefano Mocci, World Bank Country Manager for the South Pacific. "The World Bank stands with the Government of Kiribati in their efforts to realize the nation’s development priorities."
Implementation will be managed by the Ministry for Line and Phoenix Islands Development alongside the Ministry of Information, Communications, Transport, and Tourism Development with assistance from the World Bank.