Business 18 | NT Independent
‘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.

Cost of meeting renewables target a fraction of what CLP Govt told public: Hidden report

Cost of meeting renewables target a fraction of what CLP Govt told public: Hidden report

A renewable energy report hidden by the former Labor government has revealed the cost of meeting the Territory’s 50 per cent renewable electricity targets by 2030 was roughly $280 million and would come with moderate electricity price increases, but also with lower operating costs, which contradicts the Finocchiaro CLP Government’s claims it would cost 20 times as much.

NT Business News – April 9

NT Business News – April 9

The latest NT business highlights include the NT Government granting two key mineral leases to Verdant Minerals; Inpex halts operation of Bladin Point facility to facilitate business expansion, and Kakadu National Park’s Gunlom Falls to reopen to visitors and tourists next month. Also making resource news is DevEx Resources discovering new uranium targets at the Nabarlek Project.

Darwin Council civic centre agreement ‘invalid’ due to failures of ethics and governance: Lawyers

Darwin Council civic centre agreement ‘invalid’ due to failures of ethics and governance: Lawyers

Darwin Council committed at least 16 “significant” failures of governance under two different pieces of legislation when sealing its secret deal with developer DCOH to build a 21-storey hybrid civic centre-officer tower, lawyers acting for nearby residents have said, with council now asked to hand over hidden documents relating to the development to help inform a potential Federal Court challenge to prevent the building being constructed.

REVEALED: Shields attempted to arrange taxpayer cash for mate’s sister to sit on waterfront board

REVEALED: Shields attempted to arrange taxpayer cash for mate’s sister to sit on waterfront board

EXCLUSIVE: Darwin Waterfront Corporation chief executive Alastair Shields advocated for his mate Andrew Kirkman’s sister Jodie Ryan to be given more than $44,000 of taxpayer money to continue sitting on the waterfront board after she resigned as the NT’s head public servant, a new secret memo has revealed, raising further questions about undisclosed conflicts of interest at the DWC and the possible misuse of public resources.

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