In an announcement from the White House, President Biden, Australian Prime Minister Albanese, and Japanese Prime Minister Kishida have pledged to work together to foster the advance of telecommunications in the Pacific region. Each country has committed to help finance high-quality, sustainable infrastructure for those who live in the Indo-Pacific.
“Our support to this project,” states the release, “builds on our shared commitment to address the infrastructure needs of the region through the Trilateral Infrastructure Partnership (TIP). We have already announced support for important infrastructure in the region, including the East Micronesia Cable and an undersea cable for Palau.”
This course of action is also in line with the both Partnership For Global Infrastructure and the Partners of the Blue Pacific initiative put into place earlier this year. By working together, the global community is working to achieve a strong digital network that will deliver affordable mobile voice and data services. Each of the three countries agreed to provide $50 million in credit guarantees for Export Finance Australia’s financing package, which will help back Telstra’s acquisition of Digicel Pacific.
The White House brief stated that, “The project is a practical demonstration of the G20 Principles for Quality Infrastructure Investment – including the promotion of socially inclusive, resilient, and environmentally friendly infrastructure – and provides a foundation for expanding the development impact of telecommunications for the Pacific.”
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