European Union to support the development of a new multipurpose seaport on Kiritimati Island

EIB Global, with €2.5 million (AUD 4.1 million) in EU-backed technical assistance, will oversee the feasibility study to assess the construction of a multipurpose seaport and wave breaker. The study will evaluate the project’s technical, environmental and social viability for implementation on Kiritimati (Christmas) Island, Kiribati. This initiative is a key part of the EU’s Global Gateway strategy, enhancing infrastructure and connectivity in the Pacific region. Upon completion, EIB Global, alongside development partners, will consider the project for potential financing. Managed by EIB Global, this EU-funded technical assistance will finance feasibility, environmental and social studies to assess the port’s viability and potential impact, while identifying solutions to enhance maritime infrastructure to support fishing vessel transshipment, commercial container shipping, and tourism. The initiative aims to strengthen trade connectivity, drive sustainable economic growth and improve climate resilience in the region. This initiative aligns with the European Union’s Global Gateway strategy, which aims to enhance connectivity between Europe and key global regions. The new port will strengthen Kiribati’s role as a strategic trade hub and support the development of essential logistics and transportation infrastructure, driving economic growth and regional integration. EIB Vice-President Ambroise Fayolle, who is in charge of EIB operations in the Pacific, said: “The European...