Territory Stories

Budget 2013/14 Northern Territory Economy

Details:

Title

Budget 2013/14 Northern Territory Economy

Other title

Tabled paper 295

Collection

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

Date

2013-05-14

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/C2019C00866

Parent handle

https://hdl.handle.net/10070/273751

Citation address

https://hdl.handle.net/10070/426369

Page content

142 Construction 2013-14 Budget 1 Inflation adjusted, base year 201011 Source: ABS Cat. No. 8755.0 Recent Activity The value of construction activity is estimated to increase from $3.1billion to $5.0billion (up by 62.5percent) in 201213, primarily driven by an 86.3percent increase in engineering activity associated with a substantial step up in the level of activity on the Ichthys project. There are several other engineering projects, mainly in the mining and energy sector, that have supported the strong growth estimate for 201213, including: continued work on the redevelopment of the Montara project; expansion programs at major mine sites, including the Phase2 expansion of the GEMCO manganese refinery on Groote Eylandt and the Phase3 expansion of the McArthur River zinc/lead mine near Borroloola; construction work at Energy Resources of Australias Ranger uranium mine in Jabiru, including the installation of brine concentrators and the construction of an exploration decline to allow for drilling and exploration of the Ranger 3 deeps; and work on the Marine Supply Base adjacent to Darwins East Arm Wharf. Public sector engineering construction activity, especially by Power and Water Corporation and the Australian Defence Force (ADF) has contributed significantly to growth in recent years although this is estimated to decrease substantially in 201213, driven by lower spending by ADF as major projects were completed the firsthalf of the year. The largest engineering project undertaken by ADF in 201213 was the upgrading of the Robertson Barracks Electrical Reticulation System at an estimated cost of $43.4million. This project will provide Robertson Barracks with a reliable high voltage electrical distribution system and increase capacity to meet current and future demands. Nonresidential building is estimated to increase from $704million in 201112 to $909million in 201213 (up by 29.1 percent) as work on the Ichthys workers accommodation village and the Darwin Correctional Precinct reach peak levels of activity, supported by other hotel and accommodation facilities including the redevelopment of the AANT building Chart 11.3: Territory ResidentialBuilding1 (moving annual total) 0 100 200 300 400 500 600 03 04 05 06 07 08 09 10 11 12 13 $M Year ended June Total residential Houses Units Alterations and Additions 201213