NextDC

Money Moves

Rival developer facing financing difficulties and project delays

AirTrunk borrowed A$4.25 billion (US$2.98 billion) to keep building SYD3, a 400-megawatt data centre campus in Western Sydney due online by mid-2028. The green loan, one of Australia's largest data centre financings, is backed by 32 financial institutions.

Updated Oct 29

Rule Changes

As of September 2026: Seeking fast-tracked M3 expansion approval

A proposed $1.5 billion data centre at the foot of the West Gate Bridge would draw more power than an entire regional city. On Monday, Victoria's state cabinet voted to restrict where such facilities can be built.

Updated Sep 21