Central Bank of the Solomon Islands starts procurement for new headquarters project with completion expected in the final quarter of 2030

The Central Bank of the Solomon Islands has announced the start of the procurement phase for a new headquarters project intended to meet the bank’s expanding operational needs and support its mandate to maintain monetary and financial stability. The project is aimed at replacing the current headquarters with a purpose-built facility that reflects higher technology, security and operational requirements and aligns with international standards. The new headquarters is intended to provide modern and secure banking and office facilities, stronger operational efficiency, improved safety and access systems, and climate-resilient, disaster-resistant infrastructure. It is also expected to improve accessibility for staff, stakeholders and the public, while creating flexible space for future growth. The bank said the project should also generate jobs during construction, create opportunities for local contractors and suppliers, support skills development and increase economic activity. Oversight will be provided through a Project Steering Committee, supported by professional consultants, technical specialists and independent quality assurance mechanisms. Planned sustainability features include energy-efficient systems, water conservation measures and environmentally responsible construction practices. The project now moves through procurement, construction and commissioning, with completion expected in the final quarter of 2030. The central bank said it will continue to provide updates and engage stakeholders throughout the project.