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Budget 2011-12 Budget Paper No.3 The Budget



Budget 2011-12 Budget Paper No.3 The Budget

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Tabled paper 1279


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




Tabled By Delia Lawrie


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.




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255 Darwin Port Corporation Performance The Corporation anticipates moderate revenue growth in 2011-12, mainly as a result of the indexation of port tariffs and a market review on leased properties. While trade volumes are expected to remain steady in 2011-12, the commercial approach to pricing and cost recovery should result in some growth in revenue for the commercial lines of business. The reduction in income in the CityWharves business line reflects a one-off increase in community service obligation funding in 2010-11 to undertake a major repair project on Fishermans Wharf. Depreciation and interest expense is budgeted to increase from previous years due to ongoing capital investments at the Port. Business Line: East Arm Wharf Outcome: Provision of services and infrastructure for the operation of East Arm Wharf facilities including facilitation of dry bulk and liquid bulk handling, livestock exports, container and general cargo and offshore oil and gas rig services. Key Deliverables 2010-11 Budget 2010-11 Estimate 2011-12 Budget Total trade throughput (million tonnes) 4.25 4.16 4.25 Berth occupancy rate1, 2 60% 45% 45% Total trade growth 15% 10% 2% Customer satisfaction 85% 85% 85% Revenue growth 15% 15% 11% 1 Industry standard considers 65% berth occupancy to be at full capacity. 2 The berth occupancy rate in 2010-11 was not as high as previous forecast due to cessation of activities surrounding the Montara Wellhead platform and increases in cargo loading efficiency. Business Line: Navigation and Pilotage Outcome: Provision of navigational aids, safe channels and berthage arrangements, moorings and anchorages in the Darwin Harbour. Provision of pilotage services to all commercial and non-commercial vessels. Key Deliverables 2010-11 Budget 2010-11 Estimate 2011-12 Budget Acts of pilotage 1 700 1 687 1 700 Total number of vessels using the port 1 935 1 900 1 935 Pilot on board within 30 minutes of nominated time 95% 100% 95% Navigational aid reinstated within 24 hours 100% 98% 98% Safety broadcast issued within 30 minutes 100% 100% 100% Revenue growth 15% 15% 10%