Newsletter June 2023
Read about changes to NAIF legislation including an extra $2B in funding and inclusion of the Indian Ocean Territories within the NAIF's northern Australia boundary.
In the June 2023 edition of NAIF Impact, we're excited to share that the Federal Parliament has passed the Northern Australia Infrastructure Facility Amendment (Miscellaneous Measures) Bill 2023, granting NAIF an additional $2 billion allocation. This expansion includes the Indian Ocean Territories, highlighting our commitment to regional economic growth. Furthermore, NAIF is dedicating a minimum of $500 million to critical minerals projects, emphasizing our support for ventures in rare earths, vanadium, lithium hydroxide, high-purity alumina, and silicon.
Don't miss our upcoming workshop in Darwin on July 25th, offering valuable insights into obtaining finance and featuring real-life experiences from project proponents. Additionally, we're proud to be part of the Territory Infrastructure Loans program, supporting small-scale projects and enhancing economic outcomes, especially for Indigenous communities. Stay tuned for more updates as we continue to drive progress in Northern Australia.
