Northern Australia Infrastructure Facility

The Queensland Government strongly supports infrastructure investment in northern Queensland and is working closely with the Commonwealth Government to facilitate the Northern Australia Infrastructure Facility (NAIF) in northern Queensland.

Northern Queensland is well placed to deliver economic growth and job opportunities for both Queensland and across northern Australia through infrastructure investment. The Queensland Government is working every day to promote investment in northern Queensland and continues to allocate significant funding to support the development of new infrastructure.

For the purposes of the NAIF, northern Australia includes all of the Northern Territory, and those parts of Queensland north of Gladstone and in Western Australia north of Geraldton, and the Indian Ocean Territories.

NAIF Key Points

• The NAIF is a Commonwealth Government entity offering up to $7 billion in concessional finance to encourage and complement private sector investment that benefits northern Australia.
• The NAIF will support investment to construct or expand economic infrastructure, including but not limited to resources, transport, agriculture and water, energy, social infrastructure and emerging technologies.
• The NAIF primarily offers concessional loans, which must be capable of being paid back to the Commonwealth or refinanced. Loans can be tailored to each project, including flexible loan terms or extended repayment periods.
• The NAIF can lend up to 100% of the debt to a project but must ensure appropriate risk sharing.
• Eligible projects must:
  • involve the construction or material enhancement of northern Australia economic infrastructure
  • be of public benefit
  • be located in, or have significant benefit for, northern Australia
  • demonstrate an ability to repay the loan
  • have an Indigenous Engagement Strategy.
• Formal criteria for investment are outlined in the NAIF Investment Mandate.
• Importantly, this Commonwealth initiative can complement existing Queensland Government investment programs.

The NAIF in northern Queensland

The following Queensland local government areas (LGAs), and all LGAs located to the north, are located in the region defined by the NAIF: Diamantina Shire Council, Barcoo Shire Council, Longreach Regional Council, Blackall-Tambo Regional Council, Central Highlands Regional Council, Rockhampton Regional Council and Gladstone Regional Council.

The NAIF application process

Applicants for financial assistance apply directly to the NAIF (contact details below) and are encouraged to make initial contact to discuss their project.

Applications are assessed by an independent NAIF Board under the Investment Mandate, set by the Commonwealth Government.

The Board will consult with the Queensland Government on sufficiently developed business proposals to align with state priorities, as soon as practical after receiving an application.

Contact Details

Interested project proponents who believe that their project might satisfy the eligibility criteria for the NAIF set out in the Investment Mandate may make an expression of interest at any time by contacting the NAIF via naif@naif.gov.au or 1300 GO NAIF (1300 466 243).

More information can be found on the NAIF website: www.naif.gov.au

The head office for the NAIF is located at Level 2, 111 Grafton Street, Cairns QLD 4870.

The postal address for the NAIF is PO Box 4896, Cairns QLD 4870.