fbpx

NAIF

Apr 15, 2021
Kidston hydro on track as NAIF loan finalised

Kidston hydro on track as NAIF loan finalised

Genex Power has flagged it is on track to start construction this month and reach financial close in May on the $777 million Kidston pumped hydro project. It has executed all outstanding financing documentation, including closing on a $610 million loan through the Northern Australia Infrastructure Facility (NAIF). Genex chief executive officer James Harding. Expected… ...

Read More
Mar 15, 2021
Project proponents urged to join NAIF forums

Project proponents urged to join NAIF forums

Regional Development Australia Townsville and North West Queensland (RDA) will co-host two webinars next week to brief businesses on reforms to the Northern Australia Infrastructure Fund (NAIF). RDA chief executive officer Glenys Schuntner said the group was encouraging all companies and project proponents with investment opportunities in the region to register and learn more about… ...

Read More
Oct 01, 2020
NAIF backs CQU digital upgrades, capital works

NAIF backs CQU digital upgrades, capital works

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… ...

Read More
Sep 30, 2020
Coalition announces NAIF funding reforms

Coalition announces NAIF funding reforms

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… ...

Read More
Aug 12, 2020
NAIF funds flow for new Cowboys 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 at...

Read More
Jul 01, 2020
Genex powers ahead with Kidston hydro plans

Genex powers ahead with Kidston hydro plans

Genex Power has pinned down construction pricing and secured a further extension for its NAIF loan offer as it steams towards financial close for the Kidston Pumped Storage Hydro Project. Genex chief executive officer James Harding said the company was focused on starting construction in the coming months – creating an estimated 500 jobs in… ...

Read More
May 06, 2020
NAIF  backing for $37m beef processing development

NAIF backing for $37m beef processing development

A $37 million Central Queensland beef processing development is a step closer after winning Northern Australia Infrastructure Facility (NAIF) backing. NAIF announced today it had achieved contractual close for a $24 million loan to Signature Onfarm. The loan will help construct a specialist beef processing plant and on-site employee accommodation near Clermont. The project is… ...

Read More
Apr 21, 2020
NAIF backing for hospital  car park development

NAIF backing for hospital car park development

A $19.75 million NAIF loan has been approved towards Townsville Mater Private Hospital’s ongoing redevelopment project. The Northern Australia Infrastructure Facility loan will fund construction of a 400-space, six-level car park to be built at the hospital’s Pimlico campus. The project, to be completed in September 2021, is expected to support 12 full-time construction jobs… ...

Read More
Mar 30, 2020
Offtake deal breakthrough for FNQ power project

Offtake deal breakthrough for FNQ power project

Genex Power has secured the energy offtake deal needed to push ahead with the Kidston hydro project in Far North Queensland. EnergyAustralia has agreed to an Energy Storage Services Agreement for up to 30 years for full dispatch rights from the planned 250MW plant. Genex expects to begin construction in the third quarter of this… ...

Read More
Menu