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Tag: North Queensland Cowboys

North Queensland Cowboys Community, Training and High-Performance Centre

NAIF funds flow for new Cowboys centre

Northern Australia Infrastructure Facility funds should start to flow next week for the North Queensland Cowboys' training and high-performance centre after sign-off on a $20 million loan.Minister for Resources, Water and Northern Australia Keith Pitt said the NAIF finance meant the Cowboys and Townsville community would have world-class training and sports-medicine facilities which would attract athletes, teams and researchers to Australia’s tropical north.“The centre is being built next to the Cowboys’ home stadium in Townsville. When completed in early 2021, it will include community areas, multi-sport high-performance training spaces, as well. . .

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NQ Cowboys plan clears NAIF funding hurdle

Resources and Northern Australia Minister Matt Canavan has ticked off approval for a $20 million loan for the North Queensland Cowboys to build a Community, Training and High Performance Centre in Townsville.

It comes after the Northern Australia Infrastructure Facility (NAIF) Board last month made an Investment Decision to support the project and provided Senator Canavan a proposal notice, triggering the 21 day consideration period, as required by legislation.

The Cowboys are now proceeding with NAIF to finalise the project loan documents for signature with the Queensland Government, which must also provide agreement to the loan proceeding.

“The 8000sq m. . .

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NQ Cowboys project in the running for $20m loan

The North Queensland Cowboys have received Northern Australia Infrastructure Facility (NAIF) approval for a $20 million loan to build their planned Community, Training and High Performance Centre in Townsville.

The NAIF’s investment decision will now be considered by Northern Australia Minister Matt Canavan under the requirements of the NAIF Act.

Senator Canavan said the proposed facility had successfully progressed through NAIF’S due diligence stage of assessment and an Investment Proposal was now before him.

“This is the latest NAIF project proposal to hit my desk for consideration and one of several actively moving through the NAIF approvals process. . .

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