Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

China wins Solomon Islands port redevelopment bid

Chinese flag Photo Credit: Alamy Chinese flag Photo Credit: Alamy
Chinese flag Photo Credit: Alamy Chinese flag Photo Credit: Alamy

Listen to the article now

On Wednesday, a Solomon Islands official announced a multimillion-dollar deal with a Chinese state corporation to rebuild an international port in Honiara.

Mike Qaqara of the infrastructure development ministry told Reporters that only the China Civil Engineering Construction Corporation (CCECC) bid in the competitive procurement.

Qaqara stated this would upgrade Honiara’s outdated international port and two local wharves.

The ADB did not immediately comment.

Last year, the Solomon Islands signed a security deal with Beijing, raising concerns from the US and its allies, notably Australia, New Zealand, and Japan, over China’s naval base plans.

The Solomon Islands and China deny the security treaty allowing a naval station.

China and the US are battling for influence in Honiara this week.

On Tuesday, Prime Minister Manasseh Sogavare signed up to Beijing’s Global Development Initiative with China International Development Cooperation Agency deputy chairman Tang Wenghong, his office stated.

After Sogavare transferred diplomatic recognition to Beijing from Taiwan in 2019, the Chinese assistance agency has supported infrastructure projects. The administration said development cooperation with China would be enhanced.

Kurt Campbell, the Indo-Pacific coordinator of the National Security Council, “reiterated our support for a free, open, safe, and prosperous Solomon Islands” during a “strategic engagement” with Sogavare.

The Solomon Islands government announced CCECC won the roads component of a $170-million ADB-funded project to rebuild roads and harbors in 2022.

“This will see the restoration of the historic Honiara international port and building of the domestic port and two provincial ports,” the administration added.

According to Australian National University researcher Peter Connolly, Solomon Islands’ wharves were “dual purpose” installations that may provide China’s naval access to the region (ANU).

The Honiara-Beijing security arrangement, according to retired military commander Connolly, is about access, not bases.

Connolly wrote in Australian Foreign Affairs last month that Chinese state enterprises had won ADB infrastructure projects in the Pacific islands because they bid the lowest.

According to ANU assistant professor in Pacific Affairs Graeme Smith, Honiara’s port needs renovation, but deepening it for larger ships would raise concerns about military use.


Comment Template

You May Also Like

Business

**Excerpt:** In a world of simmering global trade tensions, China is bracing for potential economic shocks as the U.S. prepares to announce new tariffs...

Business

In response to recent US tariffs on Canadian goods, Ontario imposed a 25% levy on electricity exports to New York, Michigan, and Minnesota. This...

Business

Major US market indices fell significantly, with the S&P 500 reaching a six-month low. This slump coincides with growing concerns about a probable US...

Business

Hims & Hers Health reported strong Q4 2024 revenue growth, surpassing expectations, but its stock fell 18% due to margin concerns and regulatory scrutiny...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok