“Australians must embrace the fact that it is our resources sector that pays for the services and opportunities we all enjoy and without coal and gas and iron ore, we would be weaker and poorer.
When confirming the Port of Middle Arm investment, the Deputy Prime Minister said he remained committed to resource exports. “Only by having stronger and more efficient freight connections can the gold, zinc, bauxite and gas from the Northern Territory continue to generate the income that underpins our standard of living.” Through our investment in infrastructure in the Northern Territory, we are creating the mechanism by which businesses can make money from the products they produce,” Mr Joyce said. “To make Australia as strong as possible as quickly as possible, we must continue to produce and sell products that create wealth. The Deputy Prime Minister, who is also the Minister for Infrastructure, Transport and Regional Development, said the investment would help unlock more of the resources in the Northern Territory.
This includes a wharf and offloading facility and dredging of the shipping channel. The first $216.8 million will support a multimodal logistics hub in Tennant Creek, while $160 million and $63.2 million respectively will be used to develop logistics and agribusiness hubs at Alice Springs and Katherine.Įarlier this week Mr Joyce also revealed that $1.5 billion had been committed to new port infrastructure at Middle Arm. More details has been offered on the $440 million resource logistics hubs to be established by the federal government in the Northern Territory as part of a budget commitment.ĭeputy Prime Minsiter Barnaby Joyce visited the Northern Territory on Thursday to reveal details of the $2.6 billion set aside in the budget for infrastructure projects in the region.