James Cook University (JCU)

Investment Decision June 2018

James Cook University (JCU)

Build Technology Innovation Complex (TIC), a 10,000m2 centre for students, industry partners and researchers. Townsville, Qld

NAIF loan Total project value
$98m $174m (JCU Enterprise Bundle)

Indigenous engagement
Complements JCU’s existing practices and targets Indigenous employment, procurement and engagement outcomes during both construction and operating phases of the TIC

The proposed financial assistance is subject to the finalisation of the Queensland Government’s consideration and agreement for the approved funds to be advanced

The NAIF loan will finance the Technology Innovation Complex as part of JCU’s long-term strategy to modernise the Townsville campus, to accelerate JCU Enterprise Bundle (the TIC, Townsville Campus Renewal and Townsville Central Plaza).

Public Benefit

  • Townsville to attract industry to the region, generate jobs and retain graduates in the region
  • JCU to attract more regional and international students in engineering
  • A cost/benefit analysis estimates public benefits from the Enterprise Bundle will be about $700m over 30 years