Powered by MOMENTUM MEDIA
research
1 minute read

$34 billion resource project begins

$34 billion resource project begins

by webmaster | May 21, 2012 | 1 minute read

The Northern Territory’s $34 billion investment injection, through the Ichthys Project, has begun, with construction starting late last week.

The project will create more than 4,000 jobs and, according to chief minister Henderson, marks a period

by webmaster
May 21, 2012
The Northern Territory’s $34 billion Ichthys Project has begun, with construction starting late last week. of wage growth for the Territory.

“Today marks the start of a period of high-skill high-wage job growth for the Territory and a new era that will bring business and training opportunities never before seen in the Territory,” Mr Henderson said.

“The benefits from this massive LNG project are already starting to flow with more than half a billion dollars in contracts awarded to locally based companies,” he said.

It is the biggest investment by a Japanese company outside of Japan, and is the second biggest investment in a single project in Australia’s history.

Advertisement
Advertisement

Road works of $14 million, a Howard Springs Accommodation Village of $260 million, and $93 million worth of temporary facilities in Blaydin Point have either been planned or are underway.

“The project will help establish Darwin as the gas capital of northern Australia - we offer investors unique opportunities including our Marine Supply Base, proximity to Asia, deep sea port, our skilled and flexible workforce and capital city facilities,” Mr Henderson said.

$34 billion resource project begins
default
spi logo
share the article

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.