Ship Lift Gets Industry Support
Support for the Territory Labor Government’s Ship Lift is gaining momentum with the Australian Industry Defence Network NT (AIDN-NT) backing the project.
AIDN-NT has thrown industry support behind last week’s announcement that the Territory Government will build Northern Australia’s largest Ship Lift. The project will create 100 jobs during construction, 400 ongoing jobs and inject $260m into the economy every year.
The not-for-profit organisation believes the Ship Lift will transform the local maritime services industry, opening up economic opportunities and creating jobs.
AIDN-NT is the premier representative body for small to medium enterprises working in the Defence industry in the Northern Territory. The organisation offers a range of services, training and support aimed at enhancing the ability of business to win Defence work and succeed in the industry.
The nation needs a Ship Lift in Northern Australia to repair and sustain large vessels including Naval vessels.
The current commercial Ship Lift facilities in Darwin are aging and small, and the ship lift at the Coonawarra Naval Base is due to be decommissioned by 2024.
A new Ship Lift fits into the AIDN-NT’s strategic approach to strengthen the industry with the recent establishment of a Maritime Maintenance Service Support Alliance. The Alliance is designed to position the local industry as a collective that can service larger national and international opportunities. Similarly, the Alliance will connect businesses with local suppliers who are accredited, bid savvy and export ready
The Territory Government has committed $100m for the $400m project at East Arm. Additional funding is being sought through the Northern Australian Infrastructure Facility (NAIF).
NAIF Chair Khory McCormick last week confirmed the due diligence process to consider a loan for the project is well underway. A decision is expected by the end of the year.