Backing jobs and exports in north Queensland

first_imgBacking jobs and exports in north Queensland Joint media release with Minister for Resources, Water and Northern Australia Keith Pitt, and Senator for Queensland Susan McDonaldThe Coalition Government is backing the expansion of a fertiliser company in north Queensland to help grow its exports and create jobs for current and future generations.Minister for Resources, Water and Northern Australia Keith Pitt said the Northern Australia Infrastructure Facility (NAIF) has now approved a $71 million loan to Agripower Australia Ltd, to upgrade infrastructure and improve access to its mine site near Greenvale, and its processing plant near Charters Towers.“This expansion would help Agripower deliver regional economic benefits, and is forecast to support around 345 jobs during construction and 171 ongoing jobs when completed,” Minister Pitt said.“Agripower produces a range of natural silicon fertilisers for agriculture and horticulture use, and believes its mine could remain productive for 200 years.“That means the project has the potential to generate real jobs and opportunities for generations to come, while injecting much-needed income into north Queensland as the economy recovers from the COVID-19 pandemic.”Assistant Minister for Northern Australia Michelle Landry said the expansion includes a multi-user rail line, water pipeline and sealing of a public road to help improve access to Agripower’s facilities.“The Agripower expansion projects will deliver jobs to north Queensland and is forecast to inject around $256 million into the region’s economy over 20 years,” Assistant Minister Landry said.“Significantly, the investment decision means NAIF has now offered around $1 billion in funding to 10 projects in Queensland’s north, ensuring northern Queensland remains a great place to live, work and invest.”Senator for Queensland Susan McDonald said new rules making it easier for NAIF to grant loans would result in similar job creation and economic benefits across the North.“Anyone looking to invest in Northern Australia will take heart from Agripower’s example and I expect to see a surge in business activity powered by NAIF, especially after the new NAIF guidelines are passed by Parliament,” she said.“This sends the message that NAIF is helping make North Queensland an exciting place to live and work, to raise families and do business.”Minister Pitt also introduced a series of NAIF reforms into Parliament this week, designed to extend its mandate for five more years until mid-2026, and expanding the range of projects eligible for NAIF support. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Agriculture, AusPol, Australia, business, Charters Towers, future generation, Government, Greenvale, horticulture, infrastructure, Investment, Keith, Minister, parliament, pipeline, Queensland, resourceslast_img read more