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Genex Welcomes approval for the NAIF to proceed to full due diligence phase
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  2. Genex Welcomes approval for the NAIF to proceed to full due diligence phase

Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to advise that it has received approval from the Northern Australia Infrastructure Facility (NAIF) to proceed to the full due diligence phase for its Stage 2 large-scale solar and hydro pumped storage projects at Kidston in North Queensland. This follows the strategic assessment phase, which involved preliminary and assessment stakeholder consultation.

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Onslow Marine Support Base Investment Decision
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  2. Onslow Marine Support Base Investment Decision

The NAIF Board has made its first Investment Decision regarding the Onslow Marine Support Base with financial assistance of around $16.8m for a multi-user infrastructure port and marine supply project.

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NAIF pipeline growing after announcement of first Investment Decision
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  2. NAIF pipeline growing after announcement of first Investment Decision

The Northern Australia Infrastructure Facility (NAIF) pipeline has now grown to 140 enquiries, a little more than 12 months after the organisation was established.

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Investment Forum showcases potential of northern Australia
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  2. Investment Forum showcases potential of northern Australia

The NAIF pipeline looks set to expand even further, following the Northern Australia Investment Forum, which was held this week in Cairns.

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Almost two billion dollars of finance under consideration by NAIF
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  2. Almost two billion dollars of finance under consideration by NAIF

Three new projects are now in the due diligence phase of the Northern Australia Infrastructure Facility pipeline, bringing the total value of potential finance to more than two billion dollars.

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Tourism infrastructure a key focus of NAIF
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  2. Tourism infrastructure a key focus of NAIF

Tourism is a key industry being considered by the Northern Australia Infrastructure Facility, with 18 inquiries that are currently active.

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NAIF shows commitment to growing WA’s north
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  2. NAIF shows commitment to growing WA’s north

The diverse range of potential infrastructure in Western Australia’s north has been highlighted in a speech by NAIF CEO Laurie Walker at an event in Perth, which was also attended by the NAIF Chair Ms Sharon Warburton and Peter Ross, NAIF’s Executive Director Origination with responsibility for Western Australia relationships.

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Statement on Aurizon proposal to NAIF
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  2. Statement on Aurizon proposal to NAIF

Aurizon has today informed the Northern Australia Infrastructure Facility that it is withdrawing its request for NAIF funding to assist with a rail solution for the development of the Galilee Basin in Central Queensland.

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NAIF welcomes Investment Mandate changes
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  2. NAIF welcomes Investment Mandate changes

The Northern Australia Infrastructure Facility(NAIF) says it welcomes the Investment Mandate changes announced by Minister for Northern Australia, Matthew Canavan today.

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Statement by NAIF Board
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  2. Statement by NAIF Board

Northern Australia Infrastructure Facility (NAIF) has announced that its Chair, Ms Sharon Warburton has stepped down from her role due to family health challenges, with effect from 30 April 2018.

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First NT project will take more Barramundi to the world
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  2. First NT project will take more Barramundi to the world

Northern Australia’s aquaculture industry has received a major boost following NAIF’s first Investment Decision in the Northern Territory, for a loan to Humpty Doo Barramundi Pty Ltd (HDB).

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Genex Receives Indicative Term Sheet from the NAIF
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  2. Genex Receives Indicative Term Sheet from the NAIF

Genex Receives Indicative Term Sheet from the Northern Australia Infrastructure Facility for up to $516 million of Concessional Debt Funding for the Kidston Stage 2 Project.

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