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NAIF’s primary purpose is to accelerate development and thereby transform northern Australia by financing infrastructure that generates:
- public benefit being broad based and including that outside of what is captured by the project proponent;
- longer term growth in the economy and population of northern Australia;
- potential to encourage private sector participation in the financing of northern Australia’s infrastructure needs; and
- sustainable Indigenous participation, procurement and employment outcomes.
This purpose supports NAIF in achieving its Outcome as outlined in the FY2018-19 DIIS Portfolio Budget Statement page 216 to ‘enable economic growth in northern Australia, by facilitating private sector investment in economic infrastructure through the provision of concessional financing delivered through the state and territory governments’.