NAIF loan supports new JCU Technology Innovation Complex
James Cook University (JCU) will begin major works on its new Technology Innovation Complex, creating jobs in the region, now the Northern Australia Infrastructure Facility (NAIF) loan has reached financial close.
JCU can draw on the $96 million NAIF loan to fund construction of the four-storey complex at the Bebegu Yumba campus in Townsville, which will be the centrepiece of a new innovation hub.
The new complex will become a central place for engineering and IT students to collaborate with researchers and industry, minister for Resources, Water and Northern Australia Keith Pitt said.
“The Technology Innovation Complex project is expected to create around 300 construction jobs and more than 500 other jobs, with at least 80 per cent of subcontractors and suppliers locally sourced and it is part of the wider redevelopment of the JCU Townsville…