Australia’s Northern Territories budgets for infrastructure, transport

Health, education and infrastructure have received more than US$2.9 billion (AU$4 billion) in the 2016-17 budget released by the Northern Territory Government in Australia. Transport Minister Peter Chandler said “infrastructure is a high priority for the Northern Territory Government and roads, in particular, are of great importance to business, industry and the community in the Northern Territory. A total of AU$1.7 billion has been allocated to infrastructure with US$425.85 million (AU$589.6 million)
May 27, 2016 Read time: 2 mins
Health, education and infrastructure have received more than US$2.9 billion (AU$4 billion) in the 2016-17 budget released by the Northern Territory Government in Australia.

Transport Minister Peter Chandler said “infrastructure is a high priority for the Northern Territory Government and roads, in particular, are of great importance to business, industry and the community in the Northern Territory.

A total of AU$1.7 billion has been allocated to infrastructure with US$425.85 million (AU$589.6 million) to be invested in roads and transport, including US$358million (AU$495.9 million) for capital works, US$7 million (AU$10 million) to continue the Regional Economic Infrastructure Fund Grants and US$1.6 million (AU$2.25 million) for infrastructure related expenses to plan for the future transport needs.

A total of US$14 million (AU$19.4 million) has been allocated to new investment in transport, with US$10 million (AU $14.2 million) to be spent on capital works and US$3.7 million (AU$5.2 million) on minor new works.

Chandler continued, “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.”

Related Content

  • International Road Safety Awards: the winners
    March 4, 2019
    Road accidents are a major blight on the world’s highways - but some companies are attempting to stem the tide. David Arminas reports on the annual Prince Michael International Road Safety Awards
    Read More
  • Obama to propose oil tax to fund transportation projects
    February 8, 2016
    President Obama is to propose a US$10 a barrel tax on crude oil to fund the overhaul of the US transportation infrastructure. White House officials say the president’s 21st Century Clean Transportation System, funded by a new fee paid by oil companies would increase American investments in clean transportation infrastructure by roughly 50 per cent while reforming the investments already made to help reduce carbon pollution, cut oil consumption and create new jobs. They say the new fee on oil will also en
    Read More
  • Melbourne metro funding fast-tracked
    February 16, 2015
    Work has begun on one of Australia’s largest infrastructure projects: two nine-kilometre underground rail tunnels that will transform Melbourne’s public transport system. The Victoria government has fast-tracked US$31 million to establish the Melbourne Metro Rail Authority and start work on the project as soon as possible. The project also includes five new underground stations. The Authority will oversee immediate planning works, complete development of the reference design and undertake detailed site inve
    Read More
  • Roads and bridges projects in Middle East valued at US$109 million
    September 30, 2013
    Ahead of December’s Gulf Traffic exhibition in Dubai, the latest figures from Ventures Middle East indicate ongoing roads and bridges projects across the Gulf Co-operation Council (GCC) region are currently valued at US$109 billion. Host of the 2022 Football World Cup, Qatar, leads the way with an allocation of US$20bn for roads and highways, in addition to a US$35bn rail network. The UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth
    Read More

Highlighted Content