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LABOR has praised the Australian Government for ringing in the changes to its often-criticised $5 million federal loans scheme to get the money flowing towards more Northern Australia infrastructure projects sooner.
Minister for Resources, Water and Northern Australia Keith Pitt said his government was determined to transform the Northern Australia Infrastructure Facility (NAIF) into a more proactive investor for the benefit of Northern Australia.
Keith Pitt and Michelle Landry have responded to the findings of a Senate Inquiry by instituting recommended changes to the NAIF.
The changes will speed up the flow of funds to approved projects, give projects a greater range of debt-support options, and allow NAIF to make equity investments, Mr Pitt said. ....

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