Australia’s National Reconstruction Fund Pledges $40 Million Towards 1st Project

The NRF will support manufacturing in key areas including renewable energy development.

Federal Member for Chifley Ed Husic at a press conference at Parliament House in Canberra, Thursday, December 10, 2020. AAP Image/Mick Tsikas

After some delay, the Albanese Labor government’s $15 billion National Reconstruction Fund (NRF) has announced its first investment.

On Nov. 19, the NRF Corporation (NRF) pledged $40 million for Queensland-based Russell Mineral Equipment (RME).