The Northern Australia Infrastructure Facility (NAIF) is a $5 billion government fund for concessional financing to build infrastructure in northern Qld, NT and WA. The default financing mechanism is a loan. Adani has applied for a concessional loan of nearly $1 billion from the NAIF for a rail line so that it can export coal from its proposed Carmichael coal mine.
Minister for Resources and Northern Australia Matthew Canavan and Deputy Prime Minister Barnaby Joyce have strongly supported the Adani loan proposal, while at the same time insisting the NAIF is independent. Minister Canavan has said