Adani and Governance of the Northern Australia Infrastructure Facility
Political pressure risks $5 billion infrastructure fund becoming a barrel of pork
Despite widespread coverage, little is known about the NAIF or the $1bn NAIF loan proposal for Adani’s coal rail. Lacking robust governance policies, including some required by its legislation, and poorly resourced, NAIF should reject the immense political pressure to fast-track the loan.
The Australia Institute also lodged FOI requests with the NAIF. The FOI briefing note is here.