In Business

Northern Territory Minister for Corporate and Digital Development Paul Kirby

Over $50 Million In Private Investment Secured Through Leased Property Scheme

Victor P Taffa

Over $50 Million of private sector investment has flown into the community to create local jobs and support local businesses.

“Territory Government knows increasing private sector investment creates strong economic growth and more local jobs.” Minister for Corporate and Digital Development Paul Kirby said.

“We have had great take up of the Leased Property Scheme with over $50 Million of private investment secured, which will have a far greater flow on effect into our economy.”

Northern Territory Government’s Leased Property Stimulus Scheme encourages building owners across the Territory to invest in upgrading their building in exchange for extensions in current government leases.

Over 30 building owners took up the offer, which has seen significant investment flow out into the economy to support local jobs and local businesses.

Over $3.6 Million in work has recently been completed at the Cascom Centre in Casuarina, which saw owners undertake a range of upgrades including:

  • Improved landscaping and greening, new concrete pathways, external shading and wayfinding signage throughout the complex;
  • External façade and painting upgrades;
  • Installation of carpark shading structures and a solar array;
  • New showers, toilets, change areas as well as secure bike storage;
  • Mechanical services upgrades, lift replacements, bathroom refurbishments and foyer upgrades across the complex.

“Not only are we creating local jobs through securing private investment, but also revitalising key-areas with significant numbers of workers from both private and public sectors.” Member for Casuarina Lauren Moss said.

“Stimulus scheme is making these particular areas a more attractive place to live, work and visit.”

Upgrade works are significantly improving operations and amenity for both the public and government workers at the complex and were all delivered through local contractors.

0

Start typing and press Enter to search