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Labor’s $15b reconstruction fund makes landmark first investment

Tom McIlroy

Donald Trump’s retreat from the renewable energy transition and reverberations from his looming tariff regime will supercharge Labor’s National Reconstruction Fund, chairman Martijn Wilder says.

The federal government’s primary vehicle to reboot domestic manufacturing in Australia, the $15 billion NRF will on Tuesday announce its first investment, delivering new backing to Queensland-based Russell Mineral Equipment.

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Tom McIlroy was the Financial Review’s Canberra bureau chief.

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    Original URL: https://www.afr.com/politics/federal/labor-s-15b-reconstruction-fund-makes-landmark-first-investment-20241118-p5krfy