Sec. 163. Infrastructure Transaction and Assistance Network
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There is established an initiative, to be known as the Infrastructure Transaction and Assistance Network , under which the Secretary of State, in consultation with the Administrator of the United States Agency for International Development and the heads of other relevant Federal agencies, as appropriate, shall carry out programs to advance the development of sustainable, transparent, and quality infrastructure globally in countries that are eligible for foreign assistance, by— strengthening the capacities of United States allies and partners to improve infrastructure project evaluation processes, regulatory and procurement environments, and infrastructure project preparation; providing transaction advisory services and project preparation assistance to support sustainable infrastructure; and coordinating the provision of United States assistance for the development of infrastructure, including infrastructure that utilizes United States-manufactured goods and services, and catalyzing investment led by the private sector.
As part of the Infrastructure Transaction and Assistance Network described under subsection (a), the Secretary of State, in coordination with the Administrator of the United States Agency for International Development, and in consultation, as appropriate, with other Federal departments and agencies, shall provide support, including through the Transaction Advisory Fund, for advisory services to help boost the capacity of partner countries globally to evaluate contracts in line with international standards, including through providing services such as— legal services, including with the objectives of— minimizing opportunities for corrupt practices; and ensuring agreements are transparent, clear, and enforceable; project preparation and feasibility studies; debt sustainability analyses; bid or proposal evaluation; and other services relevant to advancing the development of sustainable, transparent, and quality infrastructure.
As part of the Infrastructure Transaction and Assistance Network described under subsection (a), the Secretary of State is authorized to provide support, including through the Indo-Pacific Strategic Infrastructure Fund, for technical assistance, project preparation, development, and execution, and other infrastructure project support in the countries of the Indo-Pacific region. Funds authorized for the Indo-Pacific Strategic Infrastructure Fund should be used in coordination with the Department of Defense, the International Development Finance Corporation, the Export-Import Bank of the United States, the United States Trade and Development Agency, like-minded donor partners, and multilateral banks, as appropriate, to support joint infrastructure projects in the Indo-Pacific region.
Funds authorized for the Indo-Pacific Strategic Infrastructure Fund should be used to support strategic infrastructure projects. There is authorized to be appropriated, for each of fiscal years 2025 through 2029, $50,000,000 for the Transaction Advisory Fund and $100,000,000 for the Indo-Pacific Strategic Infrastructure Fund.