Territory Stories

Budget Paper No.6 1997/98 Northern Territory Economy

Details:

Title

Budget Paper No.6 1997/98 Northern Territory Economy

Other title

Tabled Paper 3223

Collection

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

Date

1997-04-30

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/289257

Citation address

https://hdl.handle.net/10070/404114

Page content

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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