$151m loan from NAIF for Charles Darwin University’s CBD campus
An eyewatering loan of $151.1m has been approved by the Northern Australia Infrastructure Facility to help CDU build its new CBD campus in Darwin.
Northern Territory
Don't miss out on the headlines from Northern Territory. Followed categories will be added to My News.
THE Northern Australia Infrastructure Facility has approved a $151.5m loan to Charles Darwin University for construction of its new CBD campus in Darwin.
Another $97.3m commitment was made by the federal government to fast-track development approvals earlier this year.
Northern Australia Minister David Littleproud said the loan would ensure construction of the new campus could continue.
“Now there will be jobs coming to Darwin with all the follow on to local economy,” Mr Littleproud said.
“There will be a first-class education facility that will attract the best and brightest, for research and development for business and industry in Darwin.” Mr Littleproud said the NAIF had injected $3.1b into 26 projects across North Australia, creating more than 10,000 jobs.
CLP Senator Sam McMahon welcomed the news.
“I look forward to seeing shovels hit the ground in the coming months, with construction expected to create 730 much-needed jobs.”
Push to scrap ‘unfair’ liquor cap on corner stores
Retail Drinks Australia is urging the Northern Territory Government to amend the Liquor Act to scrap an “unfair” 25 per cent liquor sales cap on grocery store licences.
Man charged with DV murder kept in court cells due to ‘safety risk’
Days after a woman was found dead in the Red Centre – allegedly beaten to death – a man has been charged, but he was kept from the public eye for his first court date. Find out why.