Australia to bankroll $300m of Pacific infrastructure as China’s lending tapers off

Australia will launch an infrastructure spending blitz in the Pacific this year.Credit:AP

THE AGE – By Anthony Galloway March 2, 2021 — 5.00am

Australia will pour hundreds of millions of dollars into strategically important infrastructure across the Pacific over the coming months to compete with China’s decade-long spending spree and help ensure small nations are not saddled with debt.

The infrastructure blitz – part of Australia’s Pacific “step-up” – will include loans and grants for renewable power projects, telecommunications, transport and health facilities as the region looks to recover from the economic damage wrought by the COVID-19 pandemic.

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