I was reading the Federal Government's Northern Australia Infrastructure Facility (NAIF).
It says
NAIF’s Investment Mandate sets out the five mandatory eligibility criteria.
1. The project must:Involve the construction or material enhancement of northern Australia economic infrastructure. TICK
2. Be of public benefit. JOBS and SERVICES - TICK
3. Be located in, or have significant benefit for northern Australia. TICK
4. Require a loan that is able to be repaid or refinanced. - ramping up production will provide cashflow to repay finance TICK
5. Have an Indigenous Engagement Strategy. This was outlined in their recent announcements TICK
NAIF can lend up to 100% of the debt for a project, providing the Commonwealth overall does not have the majority risk in a project- The majority of the risk is with shareholders and Cronimet. TICK
Looking forward to more information about this
Ann: Quarterly Activities and Cash Flow Report Sept 2020, page-12
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