NAIF’s primary purpose is to accelerate infrastructure development and thereby drive transformational growth in northern Australia that:
- Generates public benefit including that outside of what is captured by the project proponent;
- Encourages longer term growth in the economy and population of northern Australia;
- Encourages private sector participation in the financing of northern Australia’s infrastructure needs; and
- Facilitates sustainable Indigenous participation, procurement and employment outcomes.
This purpose supports NAIF in achieving its outcome as outlined in the FY2018-19 DISER 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.’