Australian Coat of Arms

Member for Blaxland

Shadow Minister for Trade and Investment

Shadow Minister for Resources and Northern Australia 

Minister confirms Turnbull will break promise to Northern Australia

MINISTER CONFIRMS TURNBULL WILL BREAK PROMISE TO NORTHERN AUSTRALIA

 

The Minister for Small and Family Business today confirmed to Parliament that the Government will break its promise to deliver up to $1 billion in infrastructure funding by 30 June from the Northern Australia Infrastructure Facility (NAIF).
 
In Parliament, the Minister was asked whether the NAIF would deliver the commitment it made in its corporate plan to deliver between $300 million and $1 billion in infrastructure funding to Northern Australia by 30 June.
 
His response was:
 
“On the 15th June the first loan draw down for $3.4 million as part of that $16.8 million was released.”
 - Craig Laundy, Parliament House 19 June 2018
 
Given they have only allocated $3 million in three years, there is no chance they are going to allocate between $300 million to $1 billion in the next 10 days.
 
In three years, Turnbull has only announced three projects and delivered $3 million out of a $5 billion fund.
 
This is another Turnbull broken promise to the North. He has let the people of Northern Australia down again.
 
WEDNESDAY, 20 JUNE 2018
 
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