Chief Minister Outlines Territory’s Bright Economic Future at State of Territory

Chief Minister Michael Gunner has addressed the Property Council’s annual State of the Territory, to give an update on the Territory Labor Governments ongoing economic plan.

In his address, Mr Gunner said the Northern Territory had a pivotal role to play in the economic and strategic future of the country.

He said Territorians had a lot to be optimistic about with green shoots and major projects on the horizon – including the Territory Labor Governments $400 million investment into the job-creating Shiplift. This project will bring $260 million into the NT economy every year, generate around 400 ongoing jobs and around 100 during construction.

The Territory Labor Government is continuing to create investor confidence and hundreds of permanent jobs by:

1. Unlocking investment in partnership with business – Private investment is strong in the Territory with projects ranging from aquaculture, solar, space and gas.

2. Doubling down on our priority sectors – Continued investment in our numerous industries such as tourism.

3. Delivering major projects – From NASA to Sun Cable, and gas, the Territory Government will continue to bring reliable projects to the NT.

4. Building infrastructure. For us, and for the nation – we will build the Shiplift in Darwin.

5. Harnessing the talents of our people – continuing to implement and help facilitate long-term job creating projects for Territorians.

Mr Gunner highlighted the Territory Government’s 5-Point NT Gas Strategy – aimed at cementing the Territory as a world class hub for gas production, manufacturing and services by 2030.

Work is already underway with three significants gas projects under final investment decision – together requiring 1500 construction and 500 permanent jobs.

Quotes attributed to Chief Minister Michael Gunner:

“The Territory Labor Government knows increasing private sector investment creates strong economic growth and more local jobs – especially more permanent jobs.

“Our Territory is attractive and exciting to investors – whether it be solar, space, or aquaculture, or in our already existing industries such as agriculture, tourism and mining. We have a bright economic future and there is a lot to be optimistic about.

“We know Territorians are invested in the Territory; this Government is invested in the Territory. We will continue to deliver, supporting local business, and making sure there are long-term local Territory jobs.”

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