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Tag: Northern Australia Infrastructure Facility

NAIF backs CQU digital upgrades, capital works

Written by dev on . Posted in All News, Processing / Manufacturing.

A Northern Australia Infrastructure Facility (NAIF) loan of up to $76 million is set to play a vital role in supporting CQUniversity through the economic downturn caused by the COVID-19 pandemic.

Minister for Resources, Water and Northern Australia Keith Pitt said the loan would secure planned capital works and upgrades to digital infrastructure over the next two years at Australia’s largest regional university.

“This is a great example of how crucial the NAIF will be to Northern Australia as we emerge from the coronavirus pandemic,” Mr Pitt said.

“This funding decision will support over 400 direct and indirect. . .

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Coalition announces NAIF funding reforms

Written by dev on . Posted in All News, Coal, Energy, Processing / Manufacturing.

The Federal Government is moving to make it easier for projects to receive Northern Australia Infrastructure Facility (NAIF) funding and help kick along the country's economic resurgence from COVID-19.

Minister for Resources, Water and Northern Australia Keith Pitt said the 2020-21 Budget would include NAIF reforms which would provide more flexibility, increased risk appetite and widen the scope of projects eligible for funding.

The changes are on top of July’s announcement of a five-year extension to NAIF operations until 30 June 2026.

“The reforms to NAIF will ensure the $5 billion facility will have more. . .

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North Queensland Cowboys Community, Training and High-Performance Centre

NAIF funds flow for new Cowboys centre

Written by dev on . Posted in All News, Processing / Manufacturing.

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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