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Taiwan to extend loan to Kiribati to improve airport

Taiwan to extend loan to Kiribati to improve airport

Taipei, May 27 (CNA) Taiwan's International Cooperation and Development Fund will extend a loan of 14 million Australian dollars (US$11.7 million) to South Pacific ally Kiribati to improve an airport in its capital, Tarawa.
Tao Wen-lung, secretary-general of the fund, said that Bonriki International Airport is Kiribati's only international airport and the hub for domestic flights.
With only one airstrip that is riddled with pits and cracks, the airport is often closed during downpours that immerse it in water and is in need of immediate repair, Tao said.
The loan agreement will be signed in Taipei on June 8 when Kiribati President Anote Tong is expected for an official visit, Tao said.
The International Cooperation and Development Fund was set up by the Taiwan government to supervise the country's overseas cooperative development programs.
(By Sophia Yeh and Maubo Chang)




Updated : 2021-03-02 15:27 GMT+08:00