Support acquisition of land and capital upgrades to restore Sasape's shipyard functionality.
The Government will provide a financing package to Sasape International Shipyard Limited (Sasape) in Solomon Islands to support acquisition of land and capital upgrades to restore Sasape's shipyard functionality. The financing package includes a loan through the Australian Infrastructure Financing Facility for the Pacific complemented by grant funding which will be met from within Australia's existing Official Development Assistance funding. The financial implications of this measure are not for publication (nfp) due to commercial sensitivities. This measure builds on the 2022-23 October Budget measure titled Australian Infrastructure Financing Facility for the Pacific - expansion.