Territory Stories

Budget 2016-2017 Budget Paper No.3 Agency Budget Statements

Details:

Title

Budget 2016-2017 Budget Paper No.3 Agency Budget Statements

Other title

Tabled paper 1766

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2016-05-24

Description

Tabled by David Tollner

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

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00845

Parent handle

https://hdl.handle.net/10070/273774

Citation address

https://hdl.handle.net/10070/426345

Page content

63 Land Development Corporation Business Line 2015-16 Budget 2015-16 Estimate 2016-17 Budget Note $000 $000 $000 Income 26 673 26 238 18 941 1 Residential Development 7 787 10 789 5 682 Industrial Development 18 886 15 449 13 259 Expenses 19 673 23 030 15 538 1, 2 Residential Development 8 228 9 442 4 661 Industrial Development 11 445 13 588 10 877 SURPLUS (+)/DEFICIT (-) BEFORE INCOME TAX 7 000 3 208 3 403 Residential Development - 441 1 347 1 021 Industrial Development 7 441 1 861 2 382 2016-17 Staffing: 19 1 The decrease in 2016-17 reflects softening market conditions for residential and industrial development. 2 The variation in 2015-16 is mainly due to additional expenditure to progress projects including the Marine Industry Park and Tiwi Islands development projects. Business Division Profile The Land Development Corporation underpins economic development through the provision of strategic industrial land and marine infrastructure at a number of industrial precincts including the Transport Industry Precinct, Middle Arm Industrial Precinct and East Arm Logistics Precinct incorporating the Marine Industry Park. When required by Government, the Corporation also facilitates the delivery of innovative residential and mixed-use developments, with emphasis on affordability and regional economic development, largely through partnership arrangements with the private sector. Strategic Issues Prosperous Economy Investing in long-term growth through the ongoing developments at the Middle Arm Industrial Precinct, Transport Industry Precinct and East Arm Logistics Precinct incorporating the Marine Industry Park. Supporting investment and infrastructure by investigating land delivery models and facilitating initiatives at industrial precincts at the Middle Arm Industrial Precinct, Transport Industry Precinct, Darwin Business Park and East Arm Logistics Precinct incorporating the Marine Industry Park. Improving Darwins capability to service major projects, logistics and defence activities through the delivery of common-user facilities including the Multi-User Barge Ramp at East Arm. Investing in the economic development of the Tiwi Islands through attracting and facilitating land development on the islands. Growing local industry through partnership opportunities and strategic alliances within government, the private sector and other stakeholders. Delivering industrial development that benefits the transport industrys servicing requirements and encourages competitive fuel pricing.


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