The Middle Arm Sustainable Development Precinct has achieved a further significant milestone.
Infrastructure Australia has assessed and approved the Stage Two business case for the Middle Arm Precinct, stating the project "will support the opportunity to transition Australia's exports to high-tech, low-cost, low-emission energy sources."
This assessment marks a pivotal moment in the journey towards transforming Middle Arm into a modern, low-emissions development-ready industrial precinct, underpinned by environmental, cultural and social values.
The review also outlined stated the Middle Arm Precinct is likely to increase the value of mining and manufacturing to the Northern Territory and Australia as a whole.
The Territory Labor Government has and will continue to undertake significant planning and consultation to ensure the precinct's success.
This includes stringent environmental approvals to ensure the ongoing protection of Darwin Harbour and surrounding areas.
At full capacity, the precinct will create 20,000 jobs, increase renewable energy production, decrease greenhouse gas emissions, uplift the value of exports and unlock development across a range of industries.
A Stage Three business case is currently being developed for the final Infrastructure Australia assessment before being approved as Investment Ready.
The Infrastructure Australia Stage Two business case assessment of Middle Arm can be found here here
The Middle Arm Sustainable Development Business Case will be publically available in the coming weeks.
Quote attributable to the Chief Minister, Natasha Fyles:
"Our future will be built on cleaner energy that puts Territorians first.
"Middle Arm is crucial in the growth of our low-emissions and renewable energy sector as we power towards a net-zero future.
"It is not a secret that sustainability is at the core of Middle Arm, with sustainable energy, sustainable jobs, and a sustainable environmental strategy all part of the plan to build a strong future for the Territory.
Quote Attributable to Minister for Territory Development, Eva Lawler:
"This is great news for the Territory and Australia as a whole.
"The Middle Arm Precinct will greatly benefit Territorians long into the future, we are creating new sources of renewable and low-emission energy, unlocking new opportunities and focusing on a cleaner, greener future.
"Due to its strategic position and extensive planning, the Middle Arm Precinct will enable several industries, land and marine, which will add great value to our goal of reaching a $40 billion economy."
Northern Territory Government
