Business 9 | NT Independent
Local businessman identified as one of three facing federal corruption charges

Local businessman identified as one of three facing federal corruption charges

A Darwin businessman and vice-president of Master Builders NT has been identified as one of three people facing charges in a federal corruption investigation involving the alleged rorting of Department of Defence contracts valued at up to $71 million, with business records revealing connections to a Commonwealth employee and his wife, who are also believed to be facing charges.

NT Business News – November 17

NT Business News – November 17

Latest highlights include the NT now ranked third for doing business according to a Business Council Australia report; Seafarms to advance large-scale prawn farming after acquiring Project Sea Dragon; and the Federal government’s $1 million grant program to boost tourism in Central Australia.

CLP re-announces Labor’s proposed Middle Arm carbon storage terminal

CLP re-announces Labor’s proposed Middle Arm carbon storage terminal

The Finocchiaro CLP Government has expanded on a previous Labor government memorandum of understanding with Dutch company Vopak to “accelerate” construction of a carbon storage facility at Middle Arm that would see liquified carbon dioxide shipped into Darwin from local and overseas companies, but the project, if it proceeds, is still not expected until some time next decade.

‘Can’t throw good money after bad’: Chief Minister responds to ‘fantastic’ overbudget Labor project being axed

‘Can’t throw good money after bad’: Chief Minister responds to ‘fantastic’ overbudget Labor project being axed

Chief Minister Lia Finocchiaro says her government has a duty to “act responsibly with taxpayers money” and “can’t continue to throw good money after bad” while referencing a major Darwin project that she said was “fantastic” in theory, but had massively blown its budget under the previous government and “can’t come at any cost” – but she was not talking about the Darwin Ship Lift project.

Govt proceeding with $820m Ship Lift after report finds serious issues with transparency and decision-making

Govt proceeding with $820m Ship Lift after report finds serious issues with transparency and decision-making

The government department in charge of the Darwin Ship Lift facility ignored advice from the Auditor General to order a cost-benefit analysis into the now $820 million project, stating it would do that when the project is complete, a new report has found, but nobody has been held accountable for the massive cost blowout, with the Finocchiaro CLP Government advised to continue with the project amid untested claims it cannot terminate the contract and has spent too much money to stop now.

Another CLP Minister on way to Bali for trade talks

Another CLP Minister on way to Bali for trade talks

Business and Asian Relations Minister Robyn Cahill will also fly to Bali this week for a conference, two days after Deputy Chief Minister Gerard Maley announced he was heading to Indonesia for livestock talks and to officially open a steakhouse in Seminyak, but it is unclear if the two ministers will cross paths while overseas.

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