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5d ago

Coalition Pledges $2 Billion Boost for Pacific Infrastructure Fund

The proposed increase to $6 billion aims to strengthen regional partnerships and counter growing Chinese influence in the Pacific.

A Coalition government would invest an additional $2 billion in infrastructure projects in the Indo-Pacific region.

Overview

  • The Coalition has promised to raise the Australian Infrastructure Financing Facility for the Pacific (AIFFP) from $4 billion to $6 billion if elected.
  • The additional $2 billion will be allocated through loans and grants to fund infrastructure projects across Pacific Island nations and Timor-Leste.
  • Shadow foreign minister David Coleman framed infrastructure financing as a strategic tool in the Indo-Pacific, calling it a 'battleground for influence.'
  • Peter Dutton emphasized that the pledge is not a move to block China but a continuation of close partnerships with Pacific nations.
  • The announcement follows Labor's recent $5.1 billion aid package, including $2.1 billion for the Pacific, highlighting bipartisan focus on regional stability.