Tonga’s repayment of its $119 million pa'anga loan from the EXIM Bank of China for the reconstruction of the Nuku‘alofa Central Business District has been deferred for another five years.
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Results for Nuku'alofa CBD
Wednesday 5 December 2018
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Nuku'alofa, Tonga
Monday 22 October 2018
Nuku'alofa, Tonga
The Tonga Government will start paying $TOP10.8 million a year during the next ten years, (principal only) of its $TOP119m loan from the Exim Bank of China that was used to fund reconstruction projects after the 2006 riots in Nuku'alofa. The start of the principal repayments has already contributed to a $22.8m decline in Tonga’s foreign reserves in September. Now Tonga is confronting the real cost of the riots.
Thursday 19 February 2015
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Nuku'alofa, Tonga
Tonga's over all Public Debt at the end of January 2015 stood at $392.6 million pa‘anga or 48.4% of its Gross Domestic Product (GDP), according to financial statistics released by the Ministry of Finance this week.
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Tuesday 6 January 2015
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Nuku'alofa, Tonga
The construction of a new $25 million pa'anga Government office building dubbed "St George Palace" at Pangai Si'i in the Nuku'alofa CBD, has been postponed until after the Coronation of King Tupou VI in July 2015.
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Monday 14 April 2014
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Nuku'alofa, Tonga
A 38-year-old man has been arrested in relation to the death of a young man at the Digicel Square in central Nuku’alofa early Saturday morning, April 12.
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Wednesday 6 March 2013
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Nuku'alofa, Tonga
The flooding in parts of Nuku'alofa is a testimony to an ad-hoc decision-making process in the urban development of Nuku'alofa, Tukua Tonga, the director of the Urban Planning Unit of the Ministry of Land, said today. Flooding during this week's heavy downfalls of rain, has closed some schools and businesses, made roads impassable, and caused community concern over the associated health risks.
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Sunday 23 December 2012
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Nuku'alofa, Tonga
Nuku'alofa Central Business District was entertained with carols on Friday as the Tonga Police and Tonga Defence Services bands brought Christmas cheer to busy shoppers, despite the cloudy and rainy weather. Photos by Linny Folau.
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Friday 16 November 2012
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Nuku'alofa, Tonga
The Friendly Islands Bookshop today moved back to the Tungi Colonnade building in the Nuku'alofa Central Business District, exactly six-years to the day since the riots and fire on November 16, 2006 destroyed the shop, warehouse and stock amounting to $1.2 million pa'anga in unrecoverable losses.
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Wednesday 12 September 2012
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Nuku'alofa, Tonga
Since Monday, September 10, the Tongan Parliament has been trying to decide what to do with a new motion by the Minister of Justice, Hon. Clive Edwards for a parliamentary select committee to go and find out why protesters burned the Nuku'alofa Central Business District on 16 November 2006. Clive's new motion riled up emotional and aggressive comments from members of the House who reminded him that there were court cases and they had got off, but if he wanted to go back to the past they might get caught this time. From the House, by Pesi Fonua.
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Monday 2 April 2012
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Nuku'alofa, Tonga
The TOP$118 million reconstruction of the Nuku'alofa Central Business District CBD was completed on Friday 30 March, according to Mr Yang, the manager of the China Civil Engineering Construction Corporation CCECC, the main contractor for the whole reconstruction project.
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Friday 24 June 2011
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Nuku'alofa, Tonga
The completion of the $118 million pa'anga reconstruction of central Nuku'alofa funded by a loan from the EXIM Bank of China is now hanging on a knife-edge. An investigative report leaked to the public this week reveals that high level political manoeuvring to take over the operation could derail the reconstruction by undermining its legally contracted project management. The sensitive report goes to Cabinet today, June 24.
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Tuesday 9 September 2008
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Nuku'alofa, Tonga
Tonga's King in Council has repealed the Emergency Powers Regulations 2007 and replaced them with new Emergency Powers (Public Safety and Public Order) Regulations 2008, effective from September 5 for 30 days, over an extended area of the capital Nuku'alofa.
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Wednesday 12 December 2007
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Nuku'alofa, Tonga
Christopher Harder, a defence lawyer in Tonga's 16/11 sedition trials, in a surprise move today, has called for apologies from all parties who were responsible for the riots, after carrying out his own investigation into the tragedy. He believes the people responsible should say they are sorry in return for mercy from Tonga's King George Tupou V.
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Thursday 15 February 2007
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Nuku'alofa, Tonga
Three months after the Nuku'alofa Central Business District was destroyed by a mob on November 16, 2006, very little reconstruction work has begun. Photos by Linny Folau
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Wednesday 17 January 2007
Nuku'alofa, Tonga
The public will be allowed to return to a changed central Nuku'alofa next week when two months of restricted movement will be lifted and pedestrians and traffic movements will be allowed into the central business district. FROM OUR ARCHIVES.
