Opened the debate
Gosling stated that the government had amended the Northern Australia Infrastructure Facility investment mandate to allow funding for a wider range of projects, including social housing and agriculture. Gosling reported that the facility had committed over $4.3 billion to 32 projects, with eight in the Northern Territory totalling approximately $0.9 billion. Gosling highlighted specific investments in the Arafura Rare Earths Nolans Project and a green energy plant by Environmental Keystones. Gosling emphasised the importance of social infrastructure, citing a $140 million loan for a seniors housing project in Cairns. Gosling noted that an independent panel chaired by Warren Snowdon had reviewed the facility and made 21 recommendations. Gosling announced the establishment of a $1.2 billion Critical Minerals Strategic Reserve to support supply chain resilience.