Dec 03, 2019

NQ Cowboys plan clears NAIF funding hurdle

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 centre will be part of the new Cowboys precinct near the Townsville CBD and will provide high performance training facilities for the Cowboys, while the Townsville Fire, Women’s National Basketball League (WNBL) team will also be able to fully access the centre. Access will be available for other clubs and touring sporting teams,” Senator Canavan said.

“The project is also expected to deliver more than 200 direct jobs during construction. Once operational the centre will support almost 60 direct jobs.”

As part of the multi-user facilities, James Cook University will host a sports science and research facility at the site boosting its diverse array of courses on offer. Medical sports consulting and rehabilitation services will also be provided at the centre while the Townsville City Council will have rights to the community field for general community purposes.

Recent Stories

Subscribe to IQ e-News Bulletins
Menu