🗞️Historic Agreement: Australia Commits $110 Million to Tuvalu
🗞️Historic Agreement: Australia Commits $110 Million to Tuvalu
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In order to protect our shared peace, security, and sovereignty, Australia and Tuvalu are moving forward with implementing our agreed-upon plan for the Falepili Union.
Both Australia and Tuvalu committed to a joint statement and explanatory memorandum during the bipartisan visit to Funafuti, outlining how the Agreement will accomplish its main goals.
Minister for Foreign Affairs, Senator the Hon Penny Wong said :
"Australia has elevated our partnership with Tuvalu, underpinned by our historic Falepili Union. Together we will protect the future of Tuvalu's people, identity and culture.
"Australia is investing in projects that will have a real impact for the people of Tuvalu, including the Tuvalu Coastal Adaptation Project which is reclaiming land, and Tuvalu's first undersea telecommunications cable."
An audio clip from Penny Wong, the Minister of Foreign Affairs, during the visit :
Australia will invest more than $110 million in response to the following immediate priorities, according to Foreign Affairs Minister Penny Wong's announcement today:
$50 million (in 2024-25) to support Tuvalu to secure its first undersea telecommunications cable, alongside $25 million from likeminded partners
$19 million in additional support to extend the Tuvalu Coastal Adaptation Project (TCAP), taking Australia's total contribution to TCAP to $38 million
$10 million in immediate budget support (over 2023-24 and 2024-25) to ensure delivery of critical services
$15 million for a new National Security Coordination Centre in Tuvalu
Minister for International Development and the Pacific, the Hon Pat Conroy MP said :
"Australia and Tuvalu are neighbours and friends. Australia's support will help Tuvaluans to continue to live and prosper in their territory, retaining their deep, ancestral connections to land and sea.
"We will continue listening and delivering on Tuvalu's priorities to ensure the long-term prosperity of its people."
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Recognising the importance of protecting Tuvalu's critical maritime resources, Australia will also fast track the replacement of Tuvalu's Guardian-class Patrol Boat.
Our two countries are working together to also deliver on the Falepili Union's vision for development, mobility with dignity, security upgrades and security cooperation.
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