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Neil MacDonald has been appointed CEO of the Northern Australia Infrastructure Facility (NAIF) as it prepares for a new investment phase. NAIF, with a $7 billion budget, provides concessional finance to stimulate economic growth in northern Queensland, Western Australia, and the Northern Territory.

The Australian Federal Government has extended NAIF's operations by 10 years, enabling continued support for major infrastructure and resources projects. Key investments include Element 25 Limited's Butcherbird Manganese Project and Arafura Rare Earths' Nolans project. MacDonald will focus on attracting long-term investment in critical sectors amidst increasing demand for minerals and energy infrastructure.