The Asian Development Bank estimates the Pacific needs USD 3.1 billion in infrastructure investment per year to 2030.
Australia will work hand-in-hand with our Pacific partners.
The AIFFP will comprise AUD 1.5 billion in loans and AUD 500 million in grant funds for priority infrastructure projects in Pacific island countries and Timor-Leste.
This new AUD 2 billion infrastructure initiative will significantly boost Australia’s support for infrastructure development in Pacific countries and Timor-Leste.
The AIFFP will look for opportunities to work with bilateral and multilateral partners and the private sector.
The Department of Foreign Affairs and Trade manages the AIFFP.