May 2018: Humpty Doo Barramundi - First family business to be approved for NAIF loan.

On Wednesday 16 May 2018, Minister for Resources and Northern Australia, the Hon Matt Canavan announced Humpty Doo Barramundi  was the first Northern Territory recipient of a Northern Australia Infrastructure Fund (NAIF) loan. 

An exciting program to develop the Northern Territory’s barramundi aquaculture industry is being made possible through the $28.7 million loan from NAIF over the next five years. Humpty Doo Barramundi will match the NAIF loan with funding from external sources with their own $28.9 million investment over the five years in a three stage project to expand its facilities, introduce solar power generation, improve aquaculture practices and increase production.

Assistance through the NAIF loan will enable Humpty Doo Barramundi to remain a family-owned farm, without the need for private equity or foreign investment.New Paragraph