Sydney: Solomon Islands said on Thursday that they had received a loan of $ 66 million from China to fund the technology giant Huawei Building 161 Telecommunications Tower throughout the Pacific Nation.
The agreement marked the first financing received by the island state from Beijing since signing a secret security pact in April, after deciding on diplomatic relations to Taiwan.
The Solomon government said the agreement was the “historical financial partnership” that occurred after being restored with Beijing in 2019.
But Solomon’s financial and security relations that grew with China have aroused concerns from the United States and its allies.
Western officials say China can use security pact to build a military base in the country – something that the prime minister of the Pacific Nation, Manasseh Sugavare, has repeatedly denied.
Under the provisions of the agreement, Solomon will receive a 20-year concession loan from an export-import bank related to the state that will fully fund the construction of the Huawei Tower, the government said.
Nearly half of the tower will be built before the country hosted the Pacific Island Games in November 2023, according to the government’s statement.
The tower will allow Solomon Islanders, especially those in rural areas, to be able to watch the Olympics even if they cannot come to Capital Honiara, the government said.
Earlier this month, Sugavare proposed to change the state constitution to postpone the national election until after the match, said the country was unable to buy the two events.
Sugavare’s comments were slammed as “paralyzed reasons” by the opposition leader Matthew Wale, who told the guardian that the delay for the election would be the same as “misuse of people’s right to use their voices.”
The next election – will be held before September 2023 – will be the first country since the riot that extends by anti -Sogavare protests broke out in Honiara last year.
This will also be the first poll since Sugavare signed a security pact with Beijing who – according to a leaky design – allows Chinese security forces to be called to extinguish riots.
If the urge to postpone the election success, Solomon Islands will not go to the election until 2024 earlier.
The post This Small Island Nation Gets $66 Million China Loan To Fund Huawei Work first appeared on News Shakti.
