Barnaby Joyce says the loans are designed to provide a financial incentive to states to invest in water infrastructure such as dams and pipelines
• Click here for full budget coverage
A $2bn water infrastructure loan facility is the centrepiece of the Coalition’s regional policy, to provide concessional loans to the states and territories for projects.
The deputy prime minister and agriculture minister, Barnaby Joyce, said the loans were available from 2016 for 10 years and were designed to provide a financial incentive to state governments to invest in water infrastructure such as dams and pipelines.
Continue reading…
Source: Guardian Environment