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EFIC is one of 19 domestic and international financial institutions providing finance to the project under the loan scheme.
The privately-funded coal terminal will be jointly owned and developed by a consortium of coal companies, including Xstrata Coal, Aquila Resources and Bandanna Energy.
EFIC origination and portfolio management executive director Peter Field said the financing would provide support for a substantial domestic project.
鈥淭his is an opportunity for EFIC to fill a gap in the financing of an Australian based export infrastructure project that will support the development of the coal export industry in Queensland,鈥� Field said.
WICET commercial director Phil Breaden welcomed EFIC鈥檚 support for the project, which he said would facilitate the development of important coal infrastructure at the terminal.
The terminal will be located at the Port of Gladstone, about 525 kilometres north of Brisbane.
Stage 1 of the terminal is expected to be completed by mid-2014 and is targeting 27 million tonnes per annum of capacity.
