WA behind in NAIF program
■ 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.