Northern Australia Infrastructure Facility

The Northern Australia Infrastructure Facility Act 2016  was passed by Parliament on 3 May 2016 and the headquarters has been established in Cairns on 1 July 2016. NAIF is a major long term initiative of the Government’s White Paper on Developing Northern Australia (Our North, Our Future). The NAIF is being supported by the Export Finance and Insurance Corporation (Efic), Australia’s export credit agency.

Ministerial responsibility for the NAIF lies with the Sen the Hon Matt Canavan, Minister for Resources and Northern Australia. NAIF is led by an independent board chaired (acting) by Mr Khory McCormick (QLD) who is joined by:

  • Mr Barry Coulter (NT)
  • Mr Justin Mannolini (WA)
  • Mr Bill Shannon (QLD)
  • Ms Karla Way-McPhail (QLD).

The NAIF offers up to $5 billion over 5 years in concessional finance to encourage and complement private sector investment in infrastructure that benefits Northern Australia. This may include developments in airports, communications, energy, ports, rail and water.

The Investment Mandate sets out the guidelines to the Board when making investment decisions. It includes consultation requirements and eligibility criteria, and the types of financial assistance that can be offered.

Expert Review of the Northern Australia Infrastructure Facility

The department commissioned Mr Tony Shepherd AO to conduct an Expert Review of the NAIF. The Expert Review considered the policy settings of the NAIF, including its Investment Mandate, as well as the project identification, selection and assessment processes of the NAIF. The final report was provided to the government in January 2018.

To register for updates on the NAIF please email The Northern Australia Infrastructure Facility website is available at

Share this Page