Leaders to reveal how NT hits $40bn target
November 1, 2022
NT government Investment Commissioner Andy Cowan, Sentinel Property Group chief executive Warren Ebert, Charles Darwin University Vice-Chancellor Scott Bowman and Glencore McArthur River Mine acting general manager Adam Hatfield will feature on the panel, led by Sky News correspondent Matt Cunningham.
The Territory Government set the ambitious plan to create a $40bn economy by 2030 following the release of the Territory Economic Reconstruction Commission report in December 2020.
In September, the government released its Top End Region Economic Growth Plan 2022-2030 that outlined opportunities across agribusiness, tourism, resources and energy transition to drive the NT to reach a $40bn economy.
The plan emphasises development in the Tiwi Islands, Daly, West Arnhem and other remote Top End areas.
However, the plan is not without its sceptics.
In November, the NT News will launch its first Future Northern Territory campaign to determine the how and what of this ambitious multibillion-dollar plan.
The campaign will include editorial content by the NT News’ team of experienced journalists and culminate in a lunch event on Friday, November 25 with Chief Minister Natasha Fyles as guest speaker.
Demographer Simon Kuestenmacher will be a guest speaker and panel member, sharing his insights on how the Territory can achieve and sustain a $40bn economy in the next eight years.
NT News editor Denise Cahill said a fundamental part of the $40bn economy by 2030 campaign would be the strong investment partnerships with leading Territory industries and businesses.
Cahill said the Northern Territory had acquired some of its biggest debt in the past five years with house prices plummeting and population remaining stagnant or declining.
“But green shoots have started to appear thanks to private industry eyeing off the Territory and billions of dollars in Defence contracts,” she said.
“A massive pipeline of projects is starting to open up and with it comes jobs and population growth.
“While confidence is starting to return, it’s not the time to rest on our laurels.
“It’s time to keep momentum going to achieve the $40bn economy by 2030 and start planning for how we keep it going well in to the future. We don’t just want a sugar hit.”
The NT News has a long history of standing side-by-side with Territorians to campaign for a fair go.
This campaign towards a $40bn economy by 2030 is the next step in that process.