The Northern Territory Government is investing $589.6 million in 2016-17 to deliver transport infrastructure for the region.
The funding was announced in the Territory’s 2016 Budget, released this week.
Transport Minister Peter Chandler said in a statement that “infrastructure is a high priority of the Northern Territory Government and roads, in particular, are of great importance to business, industry and the community in the Northern Territory.
“We all know that without reliable roads, efficient ports, good rail services and effective logistics infrastructure, we cannot sustain business activity, attract new investment, or expand our industries – all essential for growing the Territory’s economy.”
The more than half a billion dollar investment covers a range of projects and incentives, including:
- $495.9 million in capital works, including minor new works of $10.7 million for roads and $9.4 million for transport assets;
- $10 million to continue the Regional Economic Infrastructure Fund Grants;
- $81.5 million in repairs and maintenance; and
- $2.25 million for infrastructure related expenses to plan for the future transport in the region.
“Transport infrastructure is a key driver of economic development and has been specifically identified by the agricultural, resource, tourism and transport industries as requiring investment to improve industry performance and growth,” said Mr. Chandler.
“Both Government and industry need to invest in improving our basic infrastructure to expand and maintain high standards for our road, port and rail networks. “