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The Federal government is committing to investing in new logistics hubs in the Northern Territory that will benefit miners, farmers and developers of new industries.
Deputy Prime Minister Barnaby Joyce is campaigning in the NT ahead of the upcoming Federal election and says the Federal government would invest $440 million in three logistics hubs across the territory.
According to the Federal government, the logistics hubs will unlock the region’s resources and strengthen supply chains while boosting exports to the NT.
The project includes funding two new logistics and agribusiness hubs in Alice Springs and Katherine, while money will go towards a massive multimodal logistics hub at Tennant Creek.
The three new hub projects include funding:
"Our investment in new hubs at Tennant Creek, Alice Springs and Katherine will ensure valuable commodities such as gas and critical minerals reach ports and international markets faster, generating more export income and making our nation wealthier," Joyce says.
The resources sector in the NT is valued at $6.45 billion due to strong interest in gold, zinc, bauxite and gas development in the region.
This move for new logistics and agribusiness hubs will help make the most of these minerals, according to the Federal government.
This article first appeared on www.fullyloaded.com.au
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