Media Centre

The Northern Australia Infrastructure Facility(NAIF) says it welcomes the Investment Mandate changes announced by Minister for Northern Australia, Matthew Canavan today.

The diverse range of potential infrastructure in Western Australia’s north has been highlighted in a speech by NAIF CEO Laurie Walker at an event in Perth, which was also attended by the NAIF Chair Ms Sharon Warburton and Peter Ross, NAIF’s Executive Director Origination with responsibility for Western Australia relationships.

Aurizon has today informed the Northern Australia Infrastructure Facility that it is withdrawing its request for NAIF funding to assist with a rail solution for the development of the Galilee Basin in Central Queensland.

Tourism is a key industry being considered by the Northern Australia Infrastructure Facility, with 18 inquiries that are currently active.

Three new projects are now in the due diligence phase of the Northern Australia Infrastructure Facility pipeline, bringing the total value of potential finance to more than two billion dollars.

The NAIF pipeline looks set to expand even further, following the Northern Australia Investment Forum, which was held this week in Cairns.

The Northern Australia Infrastructure Facility (NAIF) pipeline has now grown to 140 enquiries, a little more than 12 months after the organisation was established.

The NAIF Board has made its first Investment Decision regarding the Onslow Marine Support Base with financial assistance of around $16.8m for a multi-user infrastructure port and marine supply project.

Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to advise that it has received approval from the Northern Australia Infrastructure Facility (NAIF) to proceed to the full due diligence phase for its Stage 2 large-scale solar and hydro pumped storage projects at Kidston in North Queensland. This follows the strategic assessment phase, which involved preliminary and assessment stakeholder consultation.