Media Centre

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.

The Minister for Resources and Northern Australia, Senator the Hon Matt Canavan, announces the appointment of Ms Laurie Walker as NAIF’s Chief Executive Officer on 11 October 2016.

The Government’s new NAIF is open for business and starting the important work of building investment and creating jobs across the nation’s north. The Minister for Resources and Northern Australia officially launched the NAIF at an event in Cairns on 10 August 2016.