Fund for north Australia infrastructure to cost $40 million

THE Turnbull government's proposed $5 billion northern Australian infrastructure fund will cost about $40 million to set up, with that cost borne by developers and state governments applying for the funds.

Resources Minister Josh Frydenberg introduced legislation into parliament yesterday to make the fund a reality.

A "draft investment mandate" was circulated for consultation.

The fund must not be the main source of capital in any project applications.

Northern Australia Minister Senator Matt Canavan said he expected the proposal would go before a parliamentary inquiry next month.



Land swap deal to help flood-prone businesses

Land swap deal to help flood-prone businesses

Council buys land to create new flood-free industrial hub

Check out what's in this week's Tweed Link

Check out what's in this week's Tweed Link

Tweed Shire Council's weekly newsletter

Ex-bikies follow a new path

Ex-bikies follow a new path

Hardened criminals find church to change their lives around

Local Partners