Qube gets backing from Clean Energy Corp

THE Clean Energy Finance Corporation (CEFC) has provided $150 million to Qube Holdings to develop the Moorebank Logistics Park.

The debt facility is the statutory authority’s first major investment in low emission transport infrastructure.

The seven year bilateral debt facility will assist in providing medium-term finance for the staged construction of the Moorebank Logistics Park.

CEFC’s CEO Ian Learmonth said the Moorebank Logistics Park is an example of what was possible for the next generation in low emissions transport and freight facilities.

The terminal is forecast to reduce heavy truck trips on Sydney roads by 150,000 kilometres every day, cut regional truck trips by 93,000 kilometres per day, and generate enough renewable energy annually through solar and other technologies to power 10,000 homes.

Construction of the first stage of the project is already underway with the import/export terminal and rail link due for completion in late 2018.

Australian Property Journal