FINANCING for a cold storage facility and export hub at Darwin International Airport was recently approved by the Northern Territory Infrastructure Facility (NAIF).
The $150m loan from the NAIF is contributing to a $300m expansion plan for airport facilities in Darwin, Tennant Creek and Alice Springs.
In addition to the facilities at Darwin Airport, the plan also includes installation of solar energy farms at the three airports and an off-site multi-user battery, to be located 80 kilometres from Darwin. Also included in the plan is a runway resurfacing project and installation of runway lighting at Alice Springs Airport.
Minister for resources and Northern Australia Matthew Canavan said the investment would increase the operational capacity of each airport, which would in turn increase economic opportunities for each community.
“The projects will create jobs, drive new export opportunities into Asian markets, boost the NT’s tourism potential and support energy security for businesses and residents in the north,” he said.
Airport Development Group CEO Ian Kew said the group was looking forward to working with the government to expand export potential in the Northern Territory.
“This investment will grow our reputation and capacity to attract bigger planes to carry more tourists and more of our region’s iconic products such as mud crabs, barramundi, mangoes and melons to the world,” he said.
“These can be processed through the new VHT plant and stored in the new cold storage facility before being air freighted straight out of Darwin, rather than being trucked to Queensland.”
NAIF CEO Laurie Walker said the project would be NAIF’s largest investment to date.
“We are very pleased to promote the significant public benefit that will be delivered for the Northern Territory through this project.”