Economic Impacts of Defence Infrastructure in the Northern Territory - 2022-23 to 2026-27

The focus of this study is on capacity and capability of the NT construction industry to meet the projected demands from the Department of Defence in relation to the construction of major defence infrastructure projects in the Northern Territory. [...] Study approach In order to assess the capacity and capability of the NT construction industry to meet the projected demands from the Department of Defence associated with its future investment program in the Northern Territory, the Master Builders NT engaged economic consultants, ACIL Allen, to lead the development of the study. [...] Part II provides a Current State Assessment of Northern Territory in the context of the performance of the economy and the role of the defence industry in supporting activity in the Territory. [...] Economic Impacts of Defence Infrastructure in the Northern Territory 2022-23 to 2026-27 43 The data presented in Figure 3.8 highlights the extent to which the capacity of construction industry businesses in the Northern Territory has strengthened over the past three years, through growth in the overall number of employing businesses, the number of medium-size businesses of 20-199 employees and the. [...] The current unemployment rate in the industry is also significantly below the rate of unemployment in the industry recorded at the end of the construction phase of the Ichthys LNG Project of five per cent in 2017-18.