Stepping-up Australia's Pacific engagement
The AIFFP is operational
On 1 July 2019, the Minister for Foreign Affairs and Minister for Women, Senator the Hon Marise Payne and the Minister for Trade, Tourism and Investment, Senator the Hon Simon Birmingham announced the new Australian Infrastructure Financing Facility for the Pacific (AIFFP) operational.
This $2 billion infrastructure initiative will significantly boost Australia's support for infrastructure development in Pacific countries and Timor‑Leste. It will use grant funding combined with loans to support the development of high priority infrastructure.
The Pacific region is estimated to need US$3.1 billion in investment per year to 2030. As a partner and friend, Australia has a long track record of supporting critical infrastructure in the Pacific region. For many years, the Australian aid program has worked to build the capacity of Pacific governments to construct and maintain critical infrastructure. This new initiative is the next step for our assistance to this sector.
The Office of the Pacific within the Department of Foreign Affairs and Trade manages the AIFFP.
The Government will continue to work with our Pacific partners to identify projects that will support transformative and sustainable economic growth.
The AIFFP will invest in high priority infrastructure across the Pacific, including in areas such as telecommunications, energy, transport, water and other essential infrastructure. This list is not exhaustive.
The AIFFP will look for opportunities to work with bilateral and multilateral partners and the private sector.
Australia is engaging closely with governments across the Pacific, including through our diplomatic missions, to ensure the new facility supports the development priorities of Pacific countries.
For further information, please see www.aiffp.gov.au or contact the AIFFP team email@example.com