Growing the Territory's Digital Economy
Major digital investors gathered in Darwin last week to discuss opportunities for investment and collaboration in the Northern Territory.
The digital sector is expected to contribute an addition $1-2 billion to the Territory economy over the next decade. This will be achieved through increased automation and process improvements within Territory businesses, as well as new industries entering the Territory, such as large data centres and associated companies servicing the sector.
Investment Territory hosted the NT Digital Investor Roundtable from 25 - 26 March, following a similar event held in October 2022, which sparked the acceleration of multiple digital infrastructure projects.
Attendees included senior representatives from Telstra Infra Co, BW Digital, Vocus, Inligo Networks and DCI Data Centres.
The two day event brought industry leaders together in the Territory to reinforce our positioning as Australia’s next strategic digital hub, and to facilitate collaborations between major digital investors to help grow the local economy.
During the digital event, the Northern Territory Government also awarded Major Project Status to Inligo Network’s Unite Cable System.
The Unite Cable System is a planned high-capacity terrestrial cable, linking Darwin with Adelaide and Melbourne.
The Unite project has an estimated CAPEX of $225 million and will connect with Inligo’s Asia Connect Cable 1 (ACC-1) System in Darwin, connecting the growth regions of Southeast Asia (Singapore and Indonesia), Timor Leste, Guam, and through to Los Angeles, USA.
Construction of the system will commence in 2024 and is due to be completed in late 2027.
Major Project Status is a formal recognition of a project’s significance through its contribution to the economy.