The Northern Territory news Wed 7 Oct 2015
The Northern Territory news; NewspaperNT
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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin
News Corp Australia
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News Corp Australia
22 BUSINESS WEDNESDAY OCTOBER 7 2015 NTNE01Z01MA - V1 Rays ready for big Top End adventure OUTDOOR chain Rays will be the latest national retail chain to set up shop in Darwin, with the opening of a Yarrawonga store this Saturday. Rays managing director Anthony Heraghty said the new store was the retailers first presence in the Territory. We love the variety of adventures and natural landscapes you can find in Australia by venturing just a few hours out of town, Mr Heraghty said. He said the thousands of tourists who use Darwin as a base for exploring the Top End was part of the companys rationale for opening up in the Territory. Darwin is one of those unique places that can launch you into rainforest, bushland, waterways, deserts and oceans within just a few hours drive its the perfect place for an adventure-filled getaway, he said. Whether you want to relax in the outdoors and get away from city life, or youre keen to explore the many amazing natural areas available in the Territory, our team can kit you out with everything you need for a local adventure. The store will host grand opening festivities this Saturday, October 10, at 2 Middleton Rd, Yarrawonga. tory Governments contribution to the fund. Chief Minister Adam Giles said that the fund could bankroll construction of roads, hospitals, schools and agricultural projects. The closed-end infrastructure fund will operate until 2026, with the option of a three-year extension. Mr Giles said the fund is the first of its kind for Australia, although Macquarie Banks operates a series of similar investment funds in Europe, the Middle East and the Americas. Macquarie Banks infrastructure funds have backed projects as diverse as agribusiness, alternative energy, and oil and gas exploration. Support on fund builds THE NT Governments announcement of its $200 million contribution to a public-private infrastructure investment fund has been welcomed by the construction industry in the Territory. Master Builders NT CEO Dave Malone said he supports the fund, which will seek to raise $800 million in private capital. (The fund) is exactly the sort of strategy the Territory needs to push forward with the next wave of growth, he said. Mr Malone also backed the decision to establish an independent board for the fund, allowing it to operate free from the influence of the Territorys notoriously unstable politics. (An independent board is important) not just for the obvious reasons of separation from the vagaries of the Territory political environment, but because infrastructure is a longterm game, and we will all benefit from a focus on long-term decision making, he said. The challenge for the new board will be to develop a set of unique policies and guidelines that match the Territorys particular stage of economic development. So many of our investors are pioneers who are carving out brand new opportunities. That is very different to the eastern seaboard for example, where many of the opportunities are incremental additions to investments made over the past 200 years or so. The fund has received a generally positive reception, with Opposition Leader Michael Gunner also backing its establishment, but noting his continued opposition to the November sale of the Territory Insurance Office, which will fund the Terri CRAIG DUNLOP (The fund) is exactly the sort of strategy the Territory needs to push forward with the next wave of growth, MAIN: Master Builders NT CEO Dave Malone ABOVE: Opposition Leader Michael Gunner THERMOBREAK AcoustiPlus Thermal Insulation NEW GENERATION DUCT LINER 19-23 Berrimah Rd, Berrimah NT Phone: (08) 8984 3770 email@example.com www.actionsheetmetal.com.au Action Sheetmetal Pty Ltd Thermobreak AcoustiPlus is a new generation open cell physically crosslinked SRO\ROHQIRDPGHVLJQHGIRUGXFWOLQLQJHVSHFLDOO\LQWKHKRVSLWDOHQYLURQPHQW ([FHOOHQWDFRXVWLFDEVRUSWLRQDWORZWKLFNQHVV 0HHWVWKHUHKD]DUGUHTXLUHPHQWVRI$6 $QWLPLFURELDOWR$670* $UFKLWHFWVVXSSRUWQHZLQQRYDWLRQDQGFRVWUHGXFWLRQ 7KHUPREUHDNKDVEHHQH[SRUWHGWR6LQJDSRUH3KLOLSSLQHV0LGGOH(DVW$VLD