In a strategic partnership announced this week, Palladium and Beca have come together to address the diverse needs of infrastructure projects in the region, including through the Australian Infrastructure Financing Facility for the Pacific (AIFFP), a new and ambitious lender in the region.
Together, the two organisations have been selected for the Australian Department of Foreign Affairs and Trade (DFAT)’s new Capital Infrastructure Service Panel. The panel will service the AIFFP, other areas of DFAT, the New Zealand Ministry for Foreign Affairs and Trade, as well as sovereign recipients of Commonwealth funding and other Commonwealth agencies.
The Pacific presents unique challenges for the development of sustainable infrastructure, including small and dispersed populations, geographic isolation, and limited capacity to develop, operate and maintain infrastructure assets. Many regional countries are constrained by economies of scale, high construction costs, and limited local skills and capability.
The unprecedented disruptions from COVID-19 have stalled economic growth across the Pacific, making further investments in infrastructure a crucial aspect of “building back better” in a post-pandemic world. The partnership between Palladium and Beca is a step forward in developing the region and supporting the Australian government’s mission to ‘step up’, building a stronger, more stable and prosperous Pacific.
Ron Erasmus, Palladium Managing Partner said: “Investment in infrastructure is linked directly to a country’s development and economic growth, all while improving quality of life. Palladium has over 55 years of experience in Australia and the Pacific, and Beca has operated for over a century – the positive impact we can create here together is immense.”
Brad Richardson, Head of Palladium Infrastructure said: “Beca’s focus on optimising infrastructure to improve daily life complements Palladium’s international development experience, which means our clients can deliver transformative change.”
Jason Greenway, Beca Business Director said: “Through our combined strengths, Palladium and Beca can address the full scope of management and engineering services required across all five sectors of transport, telecommunications, water, energy, and buildings, in the Indo-Pacific region and elsewhere in the world.”
Palladium is a global impact firm, working at the intersection of social progress and commercial growth. For the past 55 years, we’ve been helping our clients to see the world as interconnected – by creating strategies, building partnerships, mobilising capital, and implementing programs that have a lasting social and financial impact. We simply call this “Positive Impact”.