Newsletter June 2023
- 20 Jun 2023
Read about changes to NAIF legislation including an extra $2B in funding and inclusion of the Indian Ocean Territories within the NAIF's northern Australia boundary.
Newsletter June 2023
In the June 2023 edition of NAIF Impact, we're excited to share that the Federal Parliament has passed the Northern Australia Infrastructure Facility Amendment (Miscellaneous Measures) Bill 2023, granting NAIF an additional $2 billion allocation. This expansion includes the Indian Ocean Territories, highlighting our commitment to regional economic growth. Furthermore, NAIF is dedicating a minimum of $500 million to critical minerals projects, emphasizing our support for ventures in rare earths, vanadium, lithium hydroxide, high-purity alumina, and silicon.
Don't miss our upcoming workshop in Darwin on July 25th, offering valuable insights into obtaining finance and featuring real-life experiences from project proponents. Additionally, we're proud to be part of the Territory Infrastructure Loans program, supporting small-scale projects and enhancing economic outcomes, especially for Indigenous communities. Stay tuned for more updates as we continue to drive progress in Northern Australia.
Territory Infrastructure Loans
- NT Government
Explore the impactful partnership between the Northern Territory Local Jobs Fund and NAIF, boosting local employment and infrastructure growth. Learn about Territory Infrastructure Loans, eligibility, and public impact.
Education and Community Precinct and Casuarina Campus Project
- Charles Darwin University
Discover NAIF's $151.5m loan to Charles Darwin University (CDU) Casuarina Campus Project in Darwin, Northern Territory.
Thunderbird Mineral Sand Project
- Kimberley Mineral Sands
Discover the Thunderbird Mineral Sand Project, with NAIF's investment decision in 2022. Learn how this project in the Kimberley region of Western Australia will generate economic benefits, create jobs, and support Indigenous engagement. Explore the details here.