Report on the Northern Australia Infrastructure Facility Bill 2016

THE Federal Parliament's Northern Australia Committee today recommended the Northern Australia Infrastructure Facility Bill 2016 be passed by the Australian Parliament in its report titled ‘Advisory Report on the Northern Australia Infrastructure Facility Bill 2016’.

The Northern Australia Infrastructure Facility established by the Bill will provide up to $5 billion in concessional financial assistance for infrastructure projects designed to stimulate economic and population growth in Northern Australia. 

The Committee Chair, the Hon Warren Entsch MP, said: ‘The Northern Australia Infrastructure Facility will provide up to $5 billion in concessional loans, but by leveraging private sector capital, the value of the infrastructure projects it supports will be far greater than $5 billion. The Facility will accelerate the development of an infrastructure base that can underpin the long-term growth needed to unlock the economic and social potential of Northern Australia.’ 

The report is available from the Committee’s website

www.aph.gov.au/jscna

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