There will soon be an announcement on successful applications under first round of Northern Australia Infrastructure Facility Loans.
This week, Senator Matt Canavan said developing northern Australia will require significant government investment.
Fostering further large-scale agricultural development in the nation’s north will require government investment, Minister for Northern Australia Matt Canavan said on Tuesday.
Delivering the keynote speech to the Northern Australia Food Futures Conference in Darwin, Senator Canavan said that previous successful irrigation projects in the north involved a substantial degree of government involvement.
“For example, work by CSIRO has shown that all four of the continuing large scale irrigation schemes – the Ord, Burdekin, Emerald and Mareeba-Dimbulah – have received significant government investment, government funds supporting the construction of dams and associated channel infrastructure,” Senator Canvan said.
“This has leveraged significant private investment.
“The report also notes that – with the exception of Katherine and Lakeland Downs – all of the private agricultural development schemes that had little or no direct government investment, particularly in infrastructure, have not persisted.”
Senator Canavan said this was a lesson the Coalition Government had taken on board.
“We are investing more than $1.2 billion in the north – in roads, in dams and other infrastructure,” Senator Canavan said. To read more click here.
The Developing Northern Australia Conference Above the Line – unleashing the north’s potential will be held on 20-22 June 2016 at Darwin Convention Centre.
The Conference continues the dialogue started in 2015 following the release of the Australian Government’s White Paper on Developing Northern Australia. To register your attendance at the conference CLICK HERE. Early bird registrations close 6 May 2016, so be quick to receive a discounted rate.