Loan to help Qube go green
LOGISTICS giant Qube Holdings can borrow up to $ 150 million from the nation’s clean energy agency to fund its Sydney freight interchange.
Qube yesterday said the seven- year bilateral debt facility – Clean Energy Finance Corporation’s first major investment in low emission transport infrastructure – will provide medium- term finance for the staged construction of its Moorebank Logistics Park.
The project, which is targeting full capacity by 2030, will take emissions- intensive trucks off roads by upping the use of rail networks to distribute goods. It will also incorporate large- scale renewable energy sources, CEFC said. It planned to use $ 80 million for warehouse construction and the balance to other investments and growth.