Loan to help Qube go green

Townsville Bulletin - - NEWS -

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.

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