The Northern Australia Infrastructure Facility (NAIF) will provide a $13.5 million loan to redevelop a food storage and warehouse facility in Alice Springs.
The facility services over 100 local stores covering an area of 1.4 million square kilometres.
Minister for Agriculture and Northern Australia, David Littleproud, said the project will improve food security for remote and regional Indigenous communities in Central Australia.
“The funds will help the Arnhem Land Progress Aboriginal Corporation build a state-of-the-art ammonia-based refrigeration facility and improve the existing warehouse to meet future demands around food distribution,” said Littleproud.
“The location of this new facility in Alice Springs will mean fresh food and essential goods will be closer to the communities that need them.
“This project will also support 60 new jobs during construction and 20 roles during operations.”
Chris Wade, CEO of the NAIF, said the loan is the first provided by NAIF directly to an Indigenous Corporation.
“We are delighted to support the Arnhem Land Progress Aboriginal Corporation with this loan,” he said.
“This investment is part of the government’s $5 billion loan facility for infrastructure projects across northern Australia and takes the total amount committed by NAIF to date to $3.1 billion.”