Northern Territory Government Newsroom

Unlocking the Private Sector = The Key to the Territory’s Future

Five major private sector projects will be supported by the Territory Labor Government in Budget 2017 to unlock investment in the NT and create hundreds of jobs.

Chief Minister Michael Gunner today announced the five projects which he says will provide a major boost to the economy.

“Since Territorians put their faith in us to be a Government last year we have been working in partnership with the private sector to implement our jobs plan, to provide certainty and trust in Government and to restore confidence in the Territory,” Mr Gunner said.

“I announced last week five of the major projects the NT Government will fund during this term of Government to boost the economy, create more jobs and attract tourists to our great Territory.

“In addition to this – as was firmly highlighted the Economic Summits – we know we need to leverage private investment to create more jobs and keep people here and we have listened. Today I am also announcing the five main Government-facilitated projects to attract private investment to the Territory.”

The five are:

1)           Land for Building Retirement Villages

$500,000 in funding in 2017-18 will progress the first stages of these projects in three locations – Alice Springs, Darwin and the rural area. Expressions of interest will be let and market testing will occur in Alice Springs and the Rural area, with preliminary work undertaken for potential sites in inner Darwin or the CBD.

“These projects will create construction and ongoing jobs, keep families together and support local businesses by keeping people in the Territory,” Mr Gunner said.

2)           Support for Project Sea Dragon

The NT Government will provide $17.5 million from Budget 2017 to upgrade the Keep River Plains Road, to support Project Sea Dragon. The $1.45 billion prawn farm – which has been awarded Major Project Status - would create around 1000 direct jobs and produce more than 100,000 tonnes of prawns a year.

“While there are still a number of important processes and stages that this project must go through, today’s announcement is designed to give them more confidence to make what is a major investment – we will provide the critical infrastructure they need for this project to occur,” Mr Gunner said.

3)           Darwin-based Water Park

The NT Government will facilitate a feasibility study and market testing worth $500,000 from the upcoming Budget into a private sector led Darwin CBD based Water Park – similar to Bali’s world-famous Waterbom Park.

The NT Government will facilitate provision of CBD land at the waterfront precinct – most likely at the old Naval Fuel Tanks location - to enable private sector development of a major Darwin Water Park in the CBD. This land will see a lifestyle precinct created around the Waterfront.

“We have listened to the Darwin Major Business Group who suggested this as an exciting project to revitalise the Darwin CBD – this will create hundreds of construction and ongoing jobs and be a huge drawcard for locals and tourists,” Mr Gunner said.

4)           Expression of Interest in Katherine

Minister for Infrastructure, Planning and Logistics Nicole Manison last week announced an Expression of Interest process to redevelop and revitalise the former Katherine Sports and Recreation Club site.

The Expression of Interest process for the existing site will enable those with an interest in the site to put forward a range of potential concepts and uses that are consistent with the EOI objectives.

“This is an exciting opportunity for redevelopment of the site, creating jobs and stimulating the Katherine economy. The development will provide both short and long term economic benefits,” Mr Gunner.

5)           Commercial Land Release Alice Springs

An Expression of Interest on land in Alice Springs for a potential commercial or tourism venture. “One key way Government can drive private investment is through land – we want to work with the private sector and create another exciting projects for Alice Springs,” Mr Gunner said.

Media Contact: Cameron Angus 0404 021 192