Vanuatu signing agreement (MOU) for Airport

Vanuatu signing agreement (MOU) for Airport

Airports Vanuatu Ltd (AVL) welcomed with great enthusiasm the signing ceremony of a highly significant Memorandum of Understanding (MOU) between the Government of Vanuatu and the Government of Australia on August 24th. This groundbreaking agreement marks the beginning of a groundbreaking era for airport infrastructure and meticulously follows the outcomes of the approved Airports Master Plan.

AVL is currently in a phase of intensive review and updating of the master plans for Port Vila, Santo and Tanna airports. These comprehensive master plans act as a guide for the future development of these vital transport arteries and span a visionary period of 20 years. Its creation is based on a careful analysis of the entire aviation environment and results from in-depth consultations with a wide range of stakeholders, including senior government officials, airlines and the many airport users. This complex master planning process, which paves the way forward, is expected to be completed in the next two months. AVL will then work in close collaboration with the government to put these ambitious master plans into action.

The key players on Vanuatu’s side include, of course, AVL and the two ministries involved, namely the Ministry of Infrastructure and Public Utilities (MIPU) and the Ministry of Finance and Economic Management (MFEM), as well as the commissioned diplomats.

The intention behind this significant Memorandum of Understanding is manifested in the unwavering commitment of the two national governments and their sovereign bodies to work together to ensure that the Australian Infrastructure Financing Facility for the Pacific (AIFFP) delivers the essential infrastructure investments to realize the master plans Funded recommendations. These visionary projects are expected to reach an estimated value of 6.2 billion VT. The infrastructure investments made will inevitably address the priorities of aviation-oriented Vanuatu by increasing connectivity and thus directly contributing to increasing Vanuatu’s economic well-being.

Jason Rakau, CEO of Airports Vanuatu Ltd, was passionate and grateful about this landmark move: “I would like to sincerely thank all those who have worked diligently over the past few months to make the signing of this MoU possible . I am heartily proud to witness such a significant milestone. This MOU initiates the process that will ultimately ensure the long-term security of our airport infrastructure. The importance of this investment by the Australian Government cannot be overstated. It ensures a sustainable Vanuatu Air access, which is guaranteed by an adequate and timely developed infrastructure to meet the ever-growing needs of both our citizens and international guests.

In an island nation like Vanuatu, air access is critical to our economic resilience, our access to global markets and our regional connectivity. It enables trade, promotes family connections and gives our visitors the opportunity to experience all that Vanuatu has to offer in all its glory.”

I am pleased that the search for Investors of Airport Vanuatu project was completed and I can now turn my attention to other challenges and projects in Vanuatu.


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