Territory Stories

Budget Paper No.6 1997/98 Northern Territory Economy



Budget Paper No.6 1997/98 Northern Territory Economy

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Tabled Paper 3223


Tabled Papers for 7th Assembly 1994 - 1997; Tabled papers; ParliamentNT




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continue to record robust growth through 1997-98. A number of capital intensive projects are expected to commence or continue during 1997-98. Five major new mines are planned to open and major upgrades are planned for two more, resulting in considerable flow on effects to the construction industry associated with establishment and upgrade of mines. Detailed planning has commenced for further upgrades of RAAF Base Tindal in Katherine and Stage Two of construction of the East Arm Port in Darwin is due to start in early 1998. Work has commenced on a major extension of Casuarina Shopping Square which is expected to be completed by early 1998. These developments should have a significant impact on the engineering and non-residential construction sectors. Forecasts of an increasing influx of tourists to the Territory will continue to stimulate demand for tourism infrastructure. Continuing strong population growth will maintain the ongoing demand for social infrastructure, particularly in Palmerston where demand for schools, medical facilities, roads, electricity distribution and similar services will be high. In the medium to long term major proposed projects which will provide significant contributions to the non-residential and engineering construction industry are the Alice Springs to Darwin rail link, the Asia Pacific space launch facility at Gunn Point and a liquefied natural gas plant in Darwin. Housing and Construction 72

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