sfg, page-88

The NAIF themselves have been pretty clear about the 'gap test' - meaning they will keep one:

From their press release - "NAIF will still seek to encourage private sector finance through NAIF’s participation in a project"

I think this is a great project, but it's a case of 10 years until prawns ship. SFG themselves project the project will cost $2.1 billion to build out - and they've only got about $3million cash on hand. That's quite a short-fall - and NAIF isn't going to put 40% of their entire capital into one project.

If we're honest, PSD is going to get built. I'm thrilled about the project. Right now, SFG is in the lead, but it is possible that a company other than SFG might build the project - we have to be realistic and acknowledge that while this is a great project, SFG's reach might exceed its grasp.

Consider your risk, DYOR - try to avoid the hype-train.