NAIF project updates: investing for impact across northern Australia

  • 26 Mar 2021
  • Media Release

Projects supported by the Northern Australia Infrastructure Facility (NAIF) are continuing to drive economic activity and job creation across northern Australia.

JCU crane

NAIF’s publicly announced investment decisions now stand at $2.8 billion (excluding decisions currently being considered by the Minister through the non veto phase), supporting projects with an estimated total capital value of $5.26 billion, and forecast to:

  • generate around $8.8 billion in economic benefit, and
  • support around 9,000 jobs.

Construction Progress of Selected NAIF funded projects

Kalium Lakes Beyondie SOP project (WA): construction 80% complete (as per company ASX announcement 28 January 2021). NAIF loan $74m, drawn $53m.

Aerial view of Kalium Lakes Sulphate of Potash Project under construction showing evaporation ponds accommodation and red landscape

NQ Cowboys community training centre (QLD) (February 2021). NAIF loan $20m, drawn $15m.

North Queensland Cowboys Hutchinson Builders Centre under construction aerial view with trucks and city in the background

Signature Onfarm beef processing facility (QLD): construction underway. NAIF loan $24m, drawn $4m.

Aerial view of Signature Onfarm Beef Processing Facility steel framework under construction

James Cook University, Townsville, student accommodation (QLD): NAIF loan $46m, undrawn.

Aerial view of construction site for JCU Engineering and Innovation Place with crane and bunting in foreground and mountains in background

Charles Darwin University, Darwin, Education and Community Precinct (NT): NAIF loan 151.5m, undrawn.

Construction site of CDU Education and Community Precinct in Darwin City

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