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Qube Holdings Announces Clean Energy Finance Corporation Backs Moorebank Logistics Park

14 Jul 2017  |  12:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: CEFC backs Moorebank Logistics Park

Qube Holdings announced that it has secured a 7 year $150m term debt facility in relation to the development of Moorebank Logistics Park from the Clean Energy Finance Corporation (CEFC) in the statutory authority's first investment in low emission transport infrastructure. CEFC confirmed its commitment to the Moorebank project citing the 110,000t of greenhouse gas emissions which the facility, at capacity, will save annually via the modal shift of containerised freight transport from road to rail. The 7 year bilateral debt facility will assist in providing medium-term finance for the staged construction of the Moorebank Logistics Park. The facility further diversifies the Company's funding sources and also lengthens the group's debt maturity profile.

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