NAIF invests in $60m Rocky airport maintenance facility

A new aviation facility will be built at the Rockhampton Airport after Alliance Airlines secured a $30 million loan from the Commonwealth last month.

The Northern Australia Infrastructure Facility (NAIF) loan will enable the construction of a $60 million aviation maintenance, repair, and overhaul (MRO) facility at the Rockhampton Regional Council-owned airport.

At least 100 jobs are expected to be created during construction, with 98 ongoing roles once the facility is up and running.

The Alliance Airlines facility will also create new businesses and job opportunities in related aviation services such avionics, aerospace technologies, wheels, tyres, brakes and landing gear, engine maintenance, interiors and upholstery, and cabin accessories suppliers.

NAIF CEO Chris Wade said the investment is part of the Federal Government’s $5 billion facility for infrastructure projects across northern Australia and takes the total amount committed by NAIF to date to more than $3.1 billion.

“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 NAIF has also announced a $151 million loan to fund the construction of Charles Darwin University’s (CDU) new Education and Community Precinct, the centerpiece of the Darwin City Deal.