Fund for north Australia infrastructure to cost $40 million

THE Turnbull government's proposed $5 billion northern Australian infrastructure fund will cost about $40 million to set up, with that cost borne by developers and state governments applying for the funds.

Resources Minister Josh Frydenberg introduced legislation into parliament yesterday to make the fund a reality.

A "draft investment mandate" was circulated for consultation.

The fund must not be the main source of capital in any project applications.

Northern Australia Minister Senator Matt Canavan said he expected the proposal would go before a parliamentary inquiry next month.



REVIEW: Breath, does it live up to the hype?

REVIEW: Breath, does it live up to the hype?

Simon Baker will present two advance screening in Ballina tomorrow

Iconic pub closes its doors after 83 years

Iconic pub closes its doors after 83 years

Patrons have expressed shock their 'local' has closed

Cold, wet, windy: Up to 200mm of rain expected this week

Cold, wet, windy: Up to 200mm of rain expected this week

Weather experts have flagged the possibility of an East Coast Low

Local Partners