Budget 2022: Gove Maritime Precinct to boost investment

May 7, 2022

The territory’s Labor Government is investing $10 million over three years to upgrade the Port of Gove commercial area to develop the territory’s maritime industry and create jobs.

The project will enable co-investment opportunities in marine and land-based infrastructure with traditional owner companies, the private sector and the Commonwealth.

Key growth areas for industry development at the Port of Gove include commercial fishing and aquaculture, tourism, defense and border protection, and freight and logistics.

In line with this, the Northern Territory infrastructure plan includes a broad commitment to improving the navy and facilities to support the growth of the maritime industry in the region.

The Gove Port Maritime Commercial Precinct will complement the ongoing sealing of Arnhem’s Central Road and improvements to barge landing stages in the Top End, which will significantly improve connectivity and supply chains in the Arnhem region and facilitate growth in a range of potential industry sectors.

Investing in the territory’s ports and marine facilities will support thousands of jobs and provide additional revenue to the territory.

Quotes from the Minister of Mines and Industry, Nicole Manison:

“This is another good news for the Territory’s maritime industry and for our economy.

“This investment will support jobs in East Arnhem Land and expand the territory’s export capabilities.

“The Territory is Australia’s best investment destination – and the Gove Port Maritime Commercial Precinct will be a significant economic driver.”

Quotes from Klaus Helms, Managing Director of Gumatj Corporation Ltd and Chairman of the East Arnhem Economic Growth Committee:

“This is great news for the East Arnhem region and for our economy. The development of the Port of Gove is a key part of the East Arnhem Regional Economic Growth Board’s plan for the growth of industry in this very promising part of the territory.

“Expanding the Port of Gove is also a key part of the Traditional Owners’ vision for the Gove Peninsula to develop current and new industry for the benefit of all in the region as we work towards the transition to a diversified economy. over the next five years.

The Gumatj Corporation will work with existing operators and new users of Gove Port to stimulate industry growth and support job creation to benefit the region.

/Public release. This material from the original organization/authors may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the author or authors. See in full here.

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