Nauru secures $1bn socio-economic development project with China company
REPUBLIC OF NAURU
Government Information Office
MEDIA RELEASE
For Immediate Release
Monday, 11 August 2025
Nauru secures $1bn
socio-economic development project with China company
Minister for Foreign Affairs &
Trade, Hon Lionel Aingimea, MP and chairman of the China Rural
Revitalisation and Development Corporation (CRRDC), Zhang Yong
signed a phase 1 investment project proposal valued at
approximately AU$1 billion, further cementing economic injection
for Nauru' socio-economic development, 5 August.
Minister Aingimea was accompanied
by Deputy Minister Russ Kun and other officials for the meeting
with senior executive members of CRRDC in Beijing, China.
The estimated $3-5 billion-yuan
proposal further cements economic injection for Nauru's
socio-economic development
Discussions focused on key
socio-economic development and advancement for mutual benefits
between Nauru and CRRDC.
The Phase 1 Project Proposal is the
first of a 3-phase step with each phase focusing on developing key
sectors in Nauru - renewable energy, the phosphate industry, marine
fisheries and sea infrastructure, water resource and environmental
system, modern agriculture systems, eco-tourism, green transport
system, health and cultural exchange platforms.
A scoping team from CRRDC is
scheduled to arrive in Nauru in October, to engage with key local
ministries and stakeholders for the development of a successful
road-map guideline.
The consultation and implementation
phase further anticipate an increase in employment opportunities,
trade prospects and people-to-people cultural exchange.
The phase one proposal centres as a
cross-sectorial approach to achieving national objectives and in
diversifying opportunities and resilience for, and to, the Republic
of Nauru and her people.
ENDS///