LDC sets a new direction for strategic land delivery

Land Development Corporation (LDC) has set a clearer and more targeted direction for how it will deliver strategic land outcomes for industry and Territorians.

The Strategic Reset positions LDC to focus its resources and capability where it can deliver the greatest value for the Northern Territory.

The reset responds to a changing development environment, including a more mature private sector in some markets, growing demand for strategic industrial land and infrastructure, and continuing housing and development challenges in regional centres.

Under the new direction, LDC will focus on four core priorities:

• strategic development precincts
• strategic industrial land
• common user infrastructure
• regional development.

This means LDC will take a more targeted role in the Darwin market, concentrating on projects that require strategic coordination, enabling infrastructure or direct government facilitation. At the same time, LDC will increase its focus on regional housing, land supply and development opportunities where market constraints limit private sector delivery.

LDC will continue to operate commercially and work in partnership with industry, government and communities to unlock investment, jobs, housing and long-term economic growth across the Territory.

The Strategic Reset also introduces clearer principles to guide when LDC should be involved in a project, including strategic value, enabling effect, public benefit and competitive neutrality.

Read the full LDC Strategic Reset – A New Direction document for more information