7 years ago
FIRST NAIF PROJECT TO BE ANNOUNCED
THE HON JASON CLARE MP SHADOW MINISTER FOR TRADE AND INVESTMENT
Federal Labor has called on the Federal Government to announce the Northern Australia Infrastructure Facility’s rumoured decision to fund Genex – a hydro and solar power project located near Townsville.
Word on the street is that the Federal Government has finally made a decision to spend some of the $5 billion it earmarked to invest in job-generating infrastructure for Northern Australia on the Genex project.
This will be the first funding decision made by the NAIF more than two years after it was established.
If the NAIF has made a decision, the Federal Government should announce the funding immediately so it can be invested in this job-generating infrastructure.
Genex has been strongly supported by Member for Herbert Cathy O’Toole and the State Labor Government.
The Genex project will create jobs and boost energy supply to help put downward pressure on power prices for North Queensland.
Construction on the project is already underway and Labor calls on the Federal Government to release the funding immediately to support badly-needed jobs for North Queensland.
The Federal Government’s announcement will follow Labor’s commitment to raise the Burdekin Dam Wall to boost power supply and secure Townsville’s water supply.
Labor welcomes investment in infrastructure for the North.
The North has been waiting for two years for the Government to spend this money. Make the announcement and get on with helping to create jobs for North Queensland.