Fluctuations in committed and in effective financial contributions from the PRIF partners led to some uncertainties in allocating resources and in budgeting assistance programs. It was not possible to process the European Investment Bank planned cofinancing commitment of $1.1 million equivalent due to legal issues preventing the ability to conclude a cofinancing mechanism and agreement with ADB. During the TA period, ADB built on the constructive working relationship with the Governments of Australia and New Zealand. The TA received continuous support from the Government of Australia and the Government of New Zealand in the form of support for the extension of the TA by 3 years, from 2016 to 2019 and additional cofinancing from the Government of New Zealand for additional activities during the extended period. The PRIF partners also supported a further extension from April 2019 to October 2019 to complete the ongoing activities. Furthermore, the Government of New Zealand agreed to roll over the unutilized funds in the amount of $1.45 million from the TA to its new phase, TA-9819 REG.
Establishment of the Pacific Regional Infrastructure Facility Coordination Office