The 2017 - 18 Territory Budget revealed a record $32.6 million infrastructure program for the Land Development Corporation.
The infrastructure program is made up of 4 new capital works for the Land Development Corporation:
- $12 million for a new 14 - lot subdivision at Darwin Business Park North, East Arm
- $4 million for Stage 1 of a proposed 20 - lot subdivision at the Defence Support Hub
- $5 million for Stage 1 of the new Marine Service Area, adjacent to the Common User Facility at East Arm
- $10 million for design and infrastructure works, including Truck Central located within the Transport Industry Precinct
As a Government Business Division owned by the Northern Territory Government, the Land Development Corporation does not receive appropriation funding from the Northern Territory Government. These projects are funded from the Corporation's cash reserve and will help support the growth of the Northern Territory.
Full details of the 2017-18 Territory Budget are available at budget.nt.gov.au.