Global Trade Alert
Global Trade Alert

Australia: CEFC supports Team Global Express with AUD 30 million

Announcement

15 Jul 2024

In July 2024, the CEFC committed an AUD 30 million investment towards Team Global Express.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

15 Jul 2024

Revocation date:

No revocation date

Updated: 15 Jul 2024
Local value added incentive In force

On 15 July 2024, the Clean Energy Finance Corporation financing (CEFC) announced that it had approved financial support towards Team Global Express to enable the firm to expand its fleet. This tran...

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Implementation date

15 Jul 2024

Revocation date:

No revocation date

Updated: 15 Jul 2024
State loan In force

On 15 July 2024, the Clean Energy Finance Corporation (CEFC) provided Team Global Express with a loan of AUD 30 million (approx. USD 20.3 million) for the acquisition of electric trucks. Team Globa...

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