$5 billion Northern Australia Infrastructure Facility
March 30, 2016
The Federal Government has announced legislation to introduce the Northern Australia Infrastructure Facility, a centrepiece of the White Paper on Developing Northern Australia. With 40 per cent of Australia’s land mass but only around five per cent of our population, the potential for economic growth in our north is enormous.
The Facility will support this growth and complement private sector investment by offering concessional loans and, in some cases, other financial assistance for infrastructure that stimulates economic and population growth in northern Australia. Investment decisions will be governed by an Investment Mandate, which has been released for public consultation with submissions due by 29 March 2016.