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Budget 2012-2013 Budget Paper No.3 The Budget



Budget 2012-2013 Budget Paper No.3 The Budget

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Tabled paper 1785


Tabled Papers for 11th Assembly 2008 - 2012; Tabled Papers; ParliamentNT




Tabled By Delia Lawrie


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242 Land Development Corporation Budget Highlights for 201213 Society Progressing the residential development of Zuccoli stage 1. Contributing towards the Territorys 2030 commitments through the delivery of affordable dwellings for the National Rental Affordability Scheme (NRAS) incentives. Continued development of residential projects in Palmerston including mixed use, integrated and other innovative developments. Further investigation, in collaboration with other government agencies, of other residential infill and brownfield developments. Economic Sustainability Commitment in partnering with the private sector in residential developments. Continuing development of strategic industrial land through: continued development within the East Arm Logistics Precinct; completion of Darwin Business Park South, which has brought forward the development of Darwin Business Park North; commencement of stage 1 of the Muramats Road Project; continuing the planning and development of the East Arm Marine Services Precinct and associated infrastructure; and consolidating and enhancing the East Arm Logistics Precinct Common User Area and the Defence Support Hub for use by industry. $M 2012-13 New Capital Works Common user area, stage 3 3.2 Wishart Road development 14.4 Residential development, including the delivery of affordable dwellings approved underNRAS 47.6 Performance The corporations projected increase in revenues in 2012-13 is largely due to the development of affordable dwellings in Palmerston as part of the Territorys contribution to the NRAS incentive. This, together with increased industrial sales, contributes to the increase in the operating surplus. Business Line: Residential Development Outcome: Provide affordable and appropriate housing solutions through the development and delivery of a range of residential projects. Key Deliverables 2011-12 Budget 2011-12 Estimate 2012-13 Budget Residential projects managed 5 4 4