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NAIF’s first support for health-related infrastructure in Queensland
NAIF’s $19.75m loan to Mater Private Hospital is part of their three-stage redevelopment of their Pimlico campus in Townsville, valued at approximately $52m. The hospital is a not for profit entity whose current operations contribute over $190m per annum in economic activity to the North Queensland region.
NAIF is helping fund part of the second stage works which involve the development of a specialist medical centre and a six-level car park facility, a key component of the overall development.
NAIF’s funding will be used to finance the accelerated development of the car park which will assist in reducing congestion in surrounding neighbourhoods and improving employee safety.