NT Major Projects Conference 2019

29-30 October 2019
Darwin Convention Centre
Darwin, NT, Australia

#NTMP2019

NT government announce plans for economic development

Posted On August 24, 2015

Chief Minister, Adam Giles, announced new economic plans at the Darwin Convention Centre today in an effort to deliver more jobs and increase state services.

Among some of the initiatives outlined include a long term economic road map to provide future direction for the state, a study to assess the state of NT rail, as well as an expansion of the Designated Area Migration Agreement.

“The Northern Territory has a strong, resilient and growing economy which is well placed to continue to expand into the future,” Giles said.

“The Northern Territory now has the lowest unemployment in the country at 4.2 per cent, the highest employment participation rate with 11,000 more people in work now compared to three years ago and our economic growth forecast to outstrip the rest of the nation.”

The NT government have embarked on widespread deregulation and infrastructure spending in recent years, however concern lies in the global slowdown in commodity prices which might affect the state.

“We are not going to be slowed by a two year exercise into why it might be a good idea to connect western Queensland with an upgraded port. We know it’s quicker and cheaper to export from Western Queensland through Darwin because it saves days in shipping time,” he said.

Australia’s first Designated Area Migration Agreement is being proposed to increase to 80 occupations up from 16.

“While the first stage was welcomed, the DAMA’s benefits only applied across a limited range of occupations,” he said.

 

Source: ProjectLink.com.au

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29-30 October 2019

Darwin Convention Centre
Darwin, NT, Australia

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