Business 16 | NT Independent
Aboriginal Investment NT hires investment firm to manage $655m fund amid ongoing concerns

Aboriginal Investment NT hires investment firm to manage $655m fund amid ongoing concerns

Aboriginal Investment NT has appointed asset consultancy company JANA to manage its two royalty-fed investment funds worth a combined $655 million, with the organisation having previously announced the majority of the initial $180 million it received was to be rolled into one of those investment funds, rather than distributed to small Indigenous business owners.

‘The numbers here don’t have any reality’: Energy economist’s review of Middle Arm precinct business case released

‘The numbers here don’t have any reality’: Energy economist’s review of Middle Arm precinct business case released

The Middle Arm industrial precinct could end up costing the NT Government $5.5 billion in capital outlays and a further $140 million in annual operating expenditure for the next 50 years, which would affect its ability to fund health and education, a new report by an energy economist for the Environment Centre NT has found, while a federal Labor MP revealed her government’s $1.5 billion equity investment in the project is a long way from being finalised.

Council won’t say why legally-mandated public parking plan was dumped in favour of civic centre tower

Council won’t say why legally-mandated public parking plan was dumped in favour of civic centre tower

Darwin Council is using money collected from a public car parking levy to help finance its joint venture with a private developer to build the new Darwin civic centre, in potential breach of the legally-mandated Car Parking Contribution Plan, that will see each public car parking space at the new development cost three times more than previously planned, and which will provide 202 public parking spaces instead of the 1800 pledged.

Ads by Google

Ads by Google

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense