TIP renews infra goals

The USA, Japan and Australia have renewed their commitments to the Trilateral Infrastructure Partnership (TIP).

The countries’ main development agencies, US International Development Finance Corporation (DFC), Japan Bank for International Cooperation (JBIC), and Australia’s Department of Foreign Affairs and Trade (DFAT) and Export Finance Australia (EFA), will work together to promote high-quality, sustainable infrastructure across the Indo-Pacific. 

The initiative will see the agencies “work together to mobilise and support the deployment of private sector investment capital to deliver major new infrastructure projects”.

According to the statement, projects will put transparency and national sovereignty at the heart of their development. Sectors including digital connectivity and energy infrastructure will be mainstays.