NAIF welcomes additional reforms and release of Statutory Review
The Northern Australia Infrastructure Facility (NAIF) welcomes additional reforms to its mandate announced today by the Australian Government Minister for Resources, Water and Northern Australia.
The reforms, announced alongside the release of the Australian Government’s Statutory Review into NAIF, are to:
- permit NAIF to take non-controlling investment positions in projects, with an overall investment cap on equity of $500 million (10% of NAIF’s total $5 billion investment fund), and
- broaden even further the instruments available to NAIF to include new debt tools like bank guarantees.
Read the full media release on the NAIF website.