Anne Ruston (SA, Liberal Party, Minister for Families and Social Services) Share this | Hansard source

I can assure the Senate that the NAIF is playing a key role in supporting northern Australia during these challenging times. In fact, the Morrison-McCormack government is working tirelessly to create and to deliver jobs and economic development for people living in northern Australia. The fund has been designed to fill the gap where projects would not be delivered if they relied on traditional sources of funding. The Northern Australia Infrastructure Facility has now committed $2.4 billion of the $5 billion war chest. Of the $2.4 billion, approximately $1.1 billion worth of projects have now reached the critical milestone of contractual close between the NAIF and the project proponents. We've adjusted the NAIF's risk appetite and expanded the range of potential projects in which the fund can invest. Our government continues to deliver on its commitments. We're delivering for the people of northern Australia.