Industry, Innovation and Science
Northern Australia Infrastructure Facility (NAIF) is a Commonwealth Government $5 billion lending facility to finance projects via the governments of the Northern Territory, Queensland and Western Australia to achieve growth in the economies and populations of those regions and encourage and complement private sector investment in northern Australia. NAIF’s primary purpose is to accelerate infrastructure development and thereby transform northern Australia by financing that generates: • public benefit being broad based and outside of that enjoyed by a project proponent; • growth in the economy and population of northern Australia; • potential to encourage private sector participation in the financing of northern Australia’s infrastructure needs; and • sustainable Indigenous participation, procurement and employment outcomes.
Appropriations 10340000
Departmental expenses 10370000
Average staffing level 1

Further information

  • Type of Body

    B. Corporate Commonwealth Entity

  • GFS Sector Classification

    GGS

  • Established By / Under

    Act / Regulation

  • Established By/Under More info

    Northern Australia Infrastructure Facility Act 2016

  • Annual Report Prepared and tabled?

    Yes

  • Classification

    A. Principal

  • Materiality

    Small

  • GFS Function / Sector Reported

    Other Economic Affairs

  • Auditor

    ANAO

  • Creation Date

    1 July 2016

Last updated: