Media Centre

The Northern Australia Infrastructure Facility (NAIF) today announced it will provide a $19.75 million loan to support a project enhancing health care services for the communities of North Queensland.

As we adjust to the health and economic challenges of the COVID-19 pandemic, we would like to update you on some of the work of NAIF to support our projects during this time.

The Northern Australia Infrastructure Facility (NAIF) welcomes the Queensland Government advising that the State will not exercise its veto right regarding NAIF’s $46 million loan to James Cook University (JCU) for new student accommodation on the JCU Townsville Campus.

As restrictions due to COVID-19 continue to be implemented across Australia, the Northern Australia Infrastructure Facility (NAIF) continues to follow government advice regarding appropriate workplace strategies to best manage and reduce the impact of COVID-19.

NAIF has approved a $46M loan to James Cook University for a 7-storey student accommodation facility on the JCU Townsville Campus, housing 425 students.

The Northern Australia Infrastructure Facility (NAIF) is pleased to advise that a $50 million loan to enable the upgrade of Townsville Airport terminal has reached financial close, with the initial drawdown expected to be funded prior to Christmas.

NAIF is pleased to announce the appointment of Mr Chris Wade as the Chief Executive Officer of NAIF effective from 20 January 2020.

NAIF welcomes Queensland Government's decision not to veto Metro Mining's Bauxite Hills Mine Expansion proposal near Weipa in Far North Queensland.

Joint media release by Minister for Northern Australia, Senator the Hon Matthew Canavan, with Assistant Minister for Forestries and Fisheries, Senator Jonathon Duniam, and Senator for the Northern Territory, Senator Sam McMahon