NAIF: No Actual Infrastructure Fund confirms it hasn’t spent a cent

The Northern Australia Infrastructure Facility (NAIF) today confirmed to a Senate hearing that it still hasn’t created a single job or delivered a single cent to any projects.

Three years after the NAIF was announced, it has only promised to fund two projects and neither of them has got any funding yet.

They are the Onslow Marine Support Facility in WA announced in October last year and the Humpty Doo Barramundi Farm announced in April.

NAIF’s Corporate Plan say they will deliver funding of between $300 million and $1 billion by 30 June this year.

That’s obviously not going to happen.

This just confirms that the NAIF is the most constipated organisation the Turnbull Government has set up.

Turnbull needs to pull his finger out and start funding job-generating infrastructure projects for the North.

The government has made some changes to the NAIF. That’s good.

But it was revealed today the only reason it did this was because of  pressure from Labor:

“Well Senator Ketter, I think I was under pressure from you guys as well to get things moving.”

(Minister Canavan – Senate Estimates – Tuesday, 5 June 2018)

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