NAIF and Queensland Airports Limited – video

The Northern Australia Infrastructure Facility (NAIF) has made an Investment Decision to provide a $50 million loan to Queensland Airports Limited’s “Project Alive” – an $80 million project to upgrade the Townsville Airport.

Minister for Resources and Northern Australia Matt Canavan announced the NAIF funding at Townsville Airport. Here are some video highlights.

opens in a new windowTownsville Airport Highlights Video

NAIF has now committed – through investment decisions and conditional approvals – $623 million in Queensland. In total, NAIF has made 10 investment decisions across Northern Australia, with a further three projects given conditional approval. The value of total investments, including conditional approvals, is approximately $1.3 billion. The capital value of these projects is approximately $2.8 billion.

Financial assistance to the project is subject to a number of conditions including the finalisation of the Queensland Government’s consideration and agreement for the approved funds to be advanced.