News

Niue trust fund design for infrastructure financing

Nimmo-Bell & Associates, a division of Prime, is delighted to have been awarded a contract to design a trust fund for infrastructure financing in Niue.

The work, funded by the New Zealand Ministry of Foreign Affairs and Trade (MFAT), will be completed in 2024.

Nimmo-Bell has a strong and proud history in relation to the design and operation of trust funds and similar funds in the Pacific, as well as specific Niue knowledge and relationships.

Our team for the assignment includes Nimmo-Bell Director Michael Yap as project manager.

Michael is a highly experienced sustainable financing and infrastructure investments professional with extensive Pacific-wide climate finance experience (to date traversing 15 countries in the region).

He is supported by Milovan Lucich, an Australian-based national infrastructure fund and governance specialist, whose experience includes the design and negotiation of the Nauru Intergenerational Trust Fund as well as the design and implementation of four public financial management-based budget support programs in Solomon Islands and Nauru.

Unaisi Narawa is the team’s Pacific legal and regulatory specialist, with experience in economic, administration and criminal legislation.

The objective of this assignment is to support MFAT and the Government of Niue to create a fit-for-purpose Niue Infrastructure Investment Facility to improve Niue’s asset management capability and provide a reliable pipeline of ongoing coordinated infrastructure development.

Work will include identifying best practices of relevant investment facility models from Niue, the Pacific and other small island developing states to inform the design of the investment facility.