FNQ expected to feature ‘prominently’ in $5 billion Northern Australia funding scheme

EXPECTATIONS are high in Cairns with a $5 billion Northern Australia loan scheme kicking into gear this week.

Queensland LNP Senator Ian Macdonald was yesterday a guest speaker at a Cairns Chamber of Commerce business function, where he outlined the progress of the Northern Australia Development White Paper since its launch in June last year.

Mr Macdonald, chairman of the project’s Implementation Oversight Committee, said 73 of the 111 commitments outlined in the blueprint were either under way or had already been completed.

“I’m very impressed with what’s been achieved so far,” he told the Cairns Post.

Days out from the election, the Townsville-based MP highlighted the Coalition’s $42.6m Hann Highway promise and $5m feasibility study ­allocation for Nullinga Dam as evidence of progress.

Funding for the long-planned Nullinga Dam, southwest of Mareeba, has been touted as a potential project for the $5 billion Northern Australia Infrastructure Facility (NAIF), which becomes operational this Friday and will be based in Cairns as a “corporate Commonwealth entity”.

While the projects will be decided by an independent seven-person board, Mr Macdonald was confident the Far North would “figure prominently in the allocations”. Read More Here At The Cairns Post