NAIF backing for aviation workshop
The $60 million project is expected to create at least 100 jobs during construction, and 98 ongoing roles when the facility is fully operational, according to Federal Member for Capricornia Michelle Landry.
“I fought hard to secure $25 million in federal funding in May to deliver confidence to this project and now this NAIF loan secures Alliance Airlines’ future in Rockhampton,” Ms Landry said.
“Together with the other redevelopment and upgrades to Rockhampton Airport, we expect that this facility will help Alliance to generate about $342 million over the next 30 years for our region.”
The project has also attracted support under the Queensland Government’s Jobs and Regional Growth Fund, although details were said to be commercial in confidence.
Alliance’s final investment decision is expected in October.
NAIF chief executive officer Chris Wade said the Rockhampton investment took the total amount committed by NAIF to date to more than $3.1 billion, with in excess of $1.2 billion of that in Queensland.
“NAIF has previously provided financing to a range of aviation and airport facilities and we are delighted to support Alliance Airlines and bring more highly-skilled jobs to Central Queensland,” Mr Wade said.
The facility will create new businesses and job opportunities in other aviation related services such avionics, aerospace technologies, wheels, tyres, brakes and landing gear, engine maintenance, interiors and upholstery, and cabin accessories suppliers.
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