CANAVAN: “Once NAIF makes an investment decision and conditions are met, how and when proponents choose to draw down on loan approvals is a matter for them.”
CANAVAN: “Once NAIF makes an investment decision and conditions are met, how and when proponents choose to draw down on loan approvals is a matter for them.” Leighton Smith

NAIF cash for state: Matt Canavan

SENATOR Matt Canavan says Queensland is poised to generate huge benefit from the Northern Australia Infrastructure Facility despite a State Government standoff.

"At the end of September, almost 70 per cent of the 123 active projects sitting with NAIF were from Queensland," he said.

"Once NAIF makes an investment decision and conditions are met, how and when proponents choose to draw down on loan approvals is a matter for them."

Senator Canavan said Queensland had a "cracking project" in Adani's $2 billion Carmichael mine, but it was sacrificed so the State Government could get Green preferences.

"Despite this interference by the Queensland Labor government, the NAIF continues to successfully support the development of new industries, businesses and jobs by leveraging private sector investment via its concessional loans to projects," he said.



Gladstone’s Grand Final day party woes: Showers on the way

Premium Content Gladstone’s Grand Final day party woes: Showers on the way

The weather outlook is not promising for backyard parties.

Gladstone man slammed for going to court with flu symptoms

Premium Content Gladstone man slammed for going to court with flu symptoms

Kody Shane Darley was told off for not providing a medical certificate or getting a...

Child falls two storeys onto West Gladstone garage

Premium Content Child falls two storeys onto West Gladstone garage

Paramedics are responding to a West Gladstone address after a young boy has fallen...