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ARTICLE · 25 NOVEMBER 2015

Northern Australia Proposed Opportunities

Clyde & Co
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The Commonwealth Government's proposed Northern Australia Infrastructure Facility (NAIF) is a significant opportunity for the construction industry to obtain financing to develop projects in Northern Australia.

AustraliaReal Estate and Construction
Kon Nakousis
Kon Nakousis
Carine Cruse
Carine Cruse
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The Commonwealth Government's proposed Northern Australia Infrastructure Facility (NAIF) is a significant opportunity for the construction industry to obtain financing to develop projects in Northern Australia.

On 9 November 2015, the Commonwealth Government released its first consultation paper regarding the scheme. This initiative is expected to come into operation in June 2016 and will offer $5 billion in concessional loans for infrastructure projects in Northern Australia. Interested parties have until 30 November 2015 to provide comments on the scheme.

Policy background

In recent years the Commonwealth Government has taken an increasing interest in the economic development of Northern Australia. The NAIF forms a core aspect of the Commonwealth Government's strategy to partner with both the private sector and State Governments to develop major projects in the region. Pertinently, Northern Australia region represents an area of significant economic

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