CLP announces first NAIF investment of $7.18m for Humpty Doo Barramundi

Joint Media Release with  Country Liberals Candidate for Lingiari Jacinta Price and Country Liberals  Senate Candidate Joshua Burgoyne

The Country Liberal Party is delighted to announce the first Top End business to benefit from an investment by the Coalition Government’s visionary Northern Australia Infrastructure Facility (NAIF).

Country Liberals Senator for the Northern Territory, Nigel Scullion, welcomed the NAIF Board’s first investment in the Northern Territory to Humpty Doo Barramundi, which will help the aquaculture business to greatly expand, creating twice as many direct new jobs and improve Northern Australia’s ability to meet growing seafood demand.

“This is an exciting announcement and the first of what I expect will be many NAIF investments to support game-changing infrastructure projects in the Northern Territory,” Senator Scullion said.

NAIF’s loan of $7.18m to Humpty Doo Barramundi is for the first stage of a three-stage infrastructure project. Stage 1 entails the construction of a solar farm and medium fish nursery, and purchasing of processing equipment.

“While Labor ignored Northern Australia under the Rudd-Gillard-Rudd administrations and failed to understand the needs of the North let alone make any meaningful investments, the Coalition has been working tirelessly since coming to government through the Northern Australia White Paper process to deliver game-changing job-creating policies.

Country Liberals Candidate for Lingiari, Jacinta Price, said today was a great day for the Territory and said there will potentially be additional funding for stages two and three.

“Humpty Doo Barramundi is the largest producer of farmed barramundi in Australia and the second largest single-site producer globally.

“Humpty Doo Barramundi expects to double the number of people it employs from 50 to 100 by the time this project is completed creating more jobs for Territorians.

“I am proud to be part of a CLP team that really believes in the North and has the vision and the policies – backed by real investment – to realise the potential of Northern Australia and the communities that live here,” Ms Price said.

Country Liberals Senate Candidate, Joshua Burgoyne, said the NAIF investment would deliver more job and economic opportunities for not just the Territory but all of Northern Australia.

“NAIF’s investment will grow the aquaculture industry in the Northern Territory, and help to meet growing demand for seafood in both domestic and international markets.

“The construction of a solar farm will reduce demand on the Territory’s electricity system,” Mr Burgoyne said.

Senator Scullion said the decision comes quickly after the release of the NAIF Board’s revised Investment Mandate.

“The revised mandate was designed to increase the NAIF Board’s flexibility to support projects that deliver jobs and economic opportunities in the North.

“It is clear these changes are having an immediate impact,” Senator Scullion said.

Media contact:

Senator Scullion: Russel Guse – 0419 432 418