Northern Territory Government Newsroom

Creating More Jobs and Improving our Lifestyle: Economic Development Framework

A key component of the NT Government’s Jobs Plan – a Territory Labor election commitment - has been unveiled today with the release of the Economic Development Framework (EDF).

 

Chief Minister Michael Gunner released the NT Government’s long-term work plan for the economy, which has been developed through the Economic Summit process in full consultation with all sectors and the community.

 

“I took a comprehensive Jobs Plans to the election to get money flowing locally, provide certainty and restore confidence to Territory businesses,” Mr Gunner said.

 

“The Economic Development Framework being released today is a clear, long-term work plan into the future that sets out actions to create more jobs by accelerating economic development and attracting private sector investment.

 

“This plan will help shape the Territory’s economic development over the next 10 years.”

 

Mr Gunner also released Government’s 10 year Infrastructure Plan and Infrastructure Strategy, which sets the Northern Territory’s long-term infrastructure agenda and is drawn from the NT Government’s vision outlined in the EDF.

 

The Economic Summits helped inform the NT Government’s major projects priorities – unveiled last month ( http://newsroom-admin.nt.gov.au/mediaReleasePreview/22884 and http://newsroom.nt.gov.au/mediaRelease/23113 – aimed at creating thousands of Territory jobs and transforming our cities and regions into tourist, business and investment attractions.

 

The projects include investing $100 million to revitalise the Darwin CBD and $20 million for the Alice Springs city centre, as well as transforming Katherine and Tennant Creek into regional agribusiness and mining hubs.

 

 “While we are planning for the future with this long-term plan for the economy, we have also addressed the urgency to get money flowing into the economy by fast-tracking projects across the NT,” Mr Gunner said.

 

“We have also released several stimulus packages that have helped create and sustain work for tradies and smaller contractors – for many more months to come. This includes our upcoming $297 million record Repairs and Maintenance Program, part of our record $1.75 billion infrastructure spend in Budget 2017.”

 

More than 1500 Territorians contributed to the development of the EDF through a series of forums, workshops and summits across the Territory. The Framework sets out key milestones and measures for tracking progress.

 

“This Framework has been co-designed and developed with business and industry, community groups, the not-for-profit sector, Indigenous organisations and government representatives from across the Territory,” Mr Gunner said.

 

“The document is not an endpoint; it is one step in what will be an ongoing conversation and a rolling process of development, implementation, review and reporting on actions.”

 

To access the documents visit https://economicsummit.nt.gov.au/

 

 

 

Media Contact:

 

Cameron Angus 0404 021 192