WA be­hind in NAIF pro­gram

Pilbara News - - Pilbara News - Peter de Krui­jff

■ Queens­land and the North­ern Ter­ri­tory are poised to ben­e­fit most from the pro­posed North­ern Aus­tralia In­fra­struc­ture Fa­cil­ity, which would pro­vide $5 bil­lion in loans for ma­jor eco­nomic projects for the coun­try’s north.

WA, and the Pil­bara es­pe­cially, are a bit be­hind.

Busi­ness cham­bers and de­vel­op­ers from across North­ern Aus­tralia were in Dar­win last week to shop more than 100 shov­el­ready projects to 250 prospec­tive multi­na­tional in­vestors at the North­ern Aus­tralia In­vest­ment Fo­rum.

The el­i­gi­bil­ity cri­te­ria for the NAIF were launched at the gath­er­ing.

Kar­ratha and Dis­tricts Cham­ber of Commerce and In­dus­try chief ex­ec­u­tive John Lally was at the fo­rum af­ter join­ing non-gov­ern­ment or­gan­i­sa­tion the North­ern Aus­tralian Al­liance, which promotes busi­ness views to the Fed­eral Gov­ern­ment.

Mr Lally said he would li­aise with Pil­bara cham­bers of commerce and in­dus­try to en­sure their voices were heard.

He said there weren’t any shov­el­ready projects in the Pil­bara.

Mr Lally said the re­gion needed to put for­ward busi­ness cases to the Fed­eral Gov­ern­ment.

The sub­mis­sion process on the pro­posed de­sign and op­er­a­tion of the NAIF is now open.

The NAIF is offering con­ces­sional loans over five years to en­cour­age north­ern in­vest­ment.

Mem­ber for Du­rack Melissa Price said it would work in part­ner­ship with the pri­vate sec­tor and the State and Ter­ri­tory Gov­ern­ments.

For more in­for­ma­tion, visit in­dus­try.gov.au/naif.

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