Northern Territory seeks investment manager for infra fund
The Northern Territory Government, in Australia, has launched a request for expression of interest (RFEOI) for the role of Investment Manager of its new fund.
The government has committed to establishing the Northern Territory Infrastructure Development Fund (NTIDF). The NTIDF is an independent investment fund that aims to create a self-sustaining pool of capital to be invested in economic infrastructure.
The NTIDF aims to attract up to $1 billion of investment, including external investment from Australian governments, Australian superannuation funds, and other Australian and international institutional investors. The NTIDF will not be accepting retail investment.
The key objective of the NTIDF is to be a long-term investor in a diversified portfolio of infrastructure assets that will:
- generate attractive risk-adjusted returns for all investors; and
- support the long term economic growth and development of the Northern Territory by investing in appropriate infrastructure projects.
Interested parties must to submit their expression of interest on or before 31 January 2016.
See tender announcement:
http://www.treasury.nt.gov.au/Economy/NTIDF/Pages/default.aspx
Country news
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