Funding Process For Ship Lift Project Gets Underway

Funding Process For Ship Lift Project Gets Underway

Northern Territory Chief Minister Michael Gunner

Northern Territory Takes Next Step In Ship Lift Project

Victor P Taffa

Following the Northern Territory Government’s announcement yesterday that a Ship Lift will be built in the Northern Territory, Chief Minister Michael Gunner has today met with the Northern Australian Infrastructure Facility (NAIF).

Chief Minister Gunner met with Chair Khory McCormick while in Queensland for the Council of Australian Governments (COAG), with Mr. McCormick confirming the due diligence process to consider a loan for the project is well underway.

“Territory Government announced yesterday that we will build a Ship Lift in the Northern Territory a project that will bring $260 Million into our economy and create over 500 jobs during construction and operation.” Chief Minister Michael Gunner said.

“I have met with the NAIF and they have agreed that the strategic importance of the Ship Lift is critical, enabling infrastructure for Northern Australia and the nation.”

Northern Territory Government has committed $100 Million for the $400 Million project at East Arm and will seek the additional funding through either the NAIF or the Federal Government.

Northern Territory Government has prioritised the Ship Lift project, and appointed a high-level Project Steering Group to drive construction and enable it to be operational in 2023.

Recently established Investment Territory team will lead the Project Steering Group.

Senior executives and technical consultants from across a range of key Northern Territory Government agencies are part of the Project Steering Group. Government will move quickly to appoint a dedicated project director.

Ship Lift will bring $260 Million into the Northern Territory economy every year. It will create about 100 jobs during the construction phase, lead to an expansion of the ship building and repairs and maintenance industry, and generate around 400 direct and indirect ongoing jobs during its operation.

Chief Minister Gunner last night met with Prime Minister Scott Morrison and Minister for Northern Australia Matt Canavan to stress the importance of the Federal Government directly investing in the project given its value in providing locally based maritime service capability to Royal Australian Navy and Border Force patrol boats stationed in Darwin Harbour.