The Solomon Islands and the World Bank have signed an agreement paving the way to kick-start the Tina River Hydropower Project.

The Minister of Finance, Hon. Snyder Rini and the Country Manager of the World Bank Edith Bowles, signed the agreement at the World Bank Office in Honiara last week.

Finance Minister Mr Rini says the hydropower project aims to provide low cost and reliable energy to Honiara and Gudalcanal and is one of the Government's policy priorities.

Mr Rini says the agreement takes the Government closer to the reality of achieving this policy.

The seven-point five million dollars grant will help to establish and support a project management office by funding staffing costs, technical assistance and operating costs.