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.
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.