Strange choice of truthiness calling a loan from NAIF propping...

Strange choice of truthiness calling a loan from NAIF propping up or receiving public funds.
and yes it is at a good rate, and yes the Commonwealth of Australia is deriving otherwise unpaid for benefits by supporting the project.
In soem very real sense the only thing they have really done is as it is apolciy requirement that Austalia gets that stuff built to minimise its total costs and avoid the damage costs of the FF alternative.
Then it has assumed the non risk that we dont need such stuff built. And thus given us the loan at the rate they can get money plus some margin.

They have thus is rather real sense made/milked a profit out of the business by loaning us the money and getting the cost of the money plus more back.

The reason they get to do that is the risk to them if they loan us the money and the risk to bank if the bank does as the gov would then represent an added regulatory risk to their loan.