1 00:00:00,120 --> 00:00:02,560 Speaker 1: Now we know that Darwin Shiplift has been thrown a 2 00:00:02,600 --> 00:00:07,000 Speaker 1: lifeline following the collapse of developer Cloff. The Italian construction 3 00:00:07,080 --> 00:00:10,240 Speaker 1: company we Build as signed a contract with the administrators 4 00:00:10,240 --> 00:00:13,800 Speaker 1: to acquire Cloff's assets and its ongoing projects. The Minister 5 00:00:13,880 --> 00:00:16,680 Speaker 1: for Infrastructure, Planning and Logistics Evil all Us says that 6 00:00:16,680 --> 00:00:19,599 Speaker 1: the government is going to undertake due diligence on the 7 00:00:19,720 --> 00:00:24,079 Speaker 1: arrangements and we'll continue to work through environmental approvals. Now, 8 00:00:24,239 --> 00:00:27,600 Speaker 1: this has been a huge part of the Northern Territory 9 00:00:27,600 --> 00:00:32,640 Speaker 1: government sort of push for our forty billion dollar economy 10 00:00:32,680 --> 00:00:35,960 Speaker 1: by twenty thirty. I mean it's part of that plan. 11 00:00:36,080 --> 00:00:37,720 Speaker 1: But joining me on the line to talk a little 12 00:00:37,760 --> 00:00:39,640 Speaker 1: bit more about this and plenty of other things. He 13 00:00:39,720 --> 00:00:42,600 Speaker 1: is the CEO of the Chamber of Commerce. Greg Island, 14 00:00:42,640 --> 00:00:43,440 Speaker 1: good morning to you. 15 00:00:44,600 --> 00:00:46,400 Speaker 2: Good morning Katie, Greg. 16 00:00:46,200 --> 00:00:47,480 Speaker 3: Thanks so much for your time. 17 00:00:48,479 --> 00:00:50,519 Speaker 1: What do you think that you know, what do you 18 00:00:50,520 --> 00:00:53,040 Speaker 1: think about the situation now that we find ourselves in 19 00:00:53,120 --> 00:00:55,280 Speaker 1: with the shiplift. It does seem as though it's good 20 00:00:55,280 --> 00:00:59,360 Speaker 1: news yesterday that Italian construction company we Build has now 21 00:00:59,400 --> 00:01:03,600 Speaker 1: signed that track with the administrators to acquire class's assets. 22 00:01:05,640 --> 00:01:09,040 Speaker 2: Look absolutely, Katie it's a step in the right direction. 23 00:01:09,160 --> 00:01:12,399 Speaker 2: Obviously there's a fair bit of water to go under 24 00:01:12,400 --> 00:01:16,080 Speaker 2: that particular bridge in that process, but it's a great 25 00:01:16,120 --> 00:01:19,680 Speaker 2: outcome to see that project continue along those lines. We 26 00:01:19,800 --> 00:01:22,520 Speaker 2: still are aware that there's been no formal contract sign 27 00:01:23,000 --> 00:01:25,679 Speaker 2: with Anti government for the delivery of the ship lift project, 28 00:01:25,720 --> 00:01:28,560 Speaker 2: and that's very much concern in terms of additional delays 29 00:01:28,560 --> 00:01:29,759 Speaker 2: that we're all going to experience. 30 00:01:30,160 --> 00:01:34,440 Speaker 1: Yeah, right, so no formal agreement signed because we've now 31 00:01:34,480 --> 00:01:37,440 Speaker 1: got a got a new construction company on board. 32 00:01:38,840 --> 00:01:41,920 Speaker 2: Yeah, Look, I think that has been a sticking point 33 00:01:41,959 --> 00:01:45,880 Speaker 2: for a while contractually, so there has been no contract 34 00:01:45,880 --> 00:01:49,040 Speaker 2: sign and obviously this needs to get pass and due 35 00:01:49,040 --> 00:01:53,480 Speaker 2: diligence process undertaken, formal contract sign after that, and then 36 00:01:53,520 --> 00:01:56,840 Speaker 2: we might get to see some activity on site that 37 00:01:56,920 --> 00:01:58,920 Speaker 2: I was at a meeting this morning when Defense we're 38 00:01:58,960 --> 00:02:03,240 Speaker 2: talking about there closing down of the existing asset shiplift 39 00:02:03,240 --> 00:02:06,440 Speaker 2: at Lara Kia and that date's going to roll around 40 00:02:06,440 --> 00:02:07,080 Speaker 2: pretty quickly. 41 00:02:07,640 --> 00:02:10,239 Speaker 3: So are we going to get this up and going 42 00:02:10,400 --> 00:02:11,120 Speaker 3: fast enough. 43 00:02:13,360 --> 00:02:16,160 Speaker 2: That's been a concern for quite some time, Katie. It's 44 00:02:16,560 --> 00:02:20,280 Speaker 2: delay after delay after delay, and there is very much 45 00:02:20,320 --> 00:02:23,480 Speaker 2: a clock ticking on getting this thing up and commissioned. 46 00:02:24,200 --> 00:02:26,440 Speaker 2: If it's not building here, it will be built somewhere else. 47 00:02:26,480 --> 00:02:29,280 Speaker 2: Somebody is going to win this work, and we're not 48 00:02:29,360 --> 00:02:33,120 Speaker 2: really going about in stilling confidence in those investors with 49 00:02:33,200 --> 00:02:36,120 Speaker 2: this particular process. So, yes, it's good news and it's 50 00:02:36,120 --> 00:02:37,520 Speaker 2: great to see some steps forward. 51 00:02:38,120 --> 00:02:39,359 Speaker 3: Yeah, well, look it does. 52 00:02:39,440 --> 00:02:41,720 Speaker 1: It sounds like it's good news that there's the steps forward, 53 00:02:41,800 --> 00:02:44,200 Speaker 1: but it does sound as though there's there's quite a 54 00:02:44,240 --> 00:02:45,200 Speaker 1: bit of a way to go. 55 00:02:47,120 --> 00:02:50,239 Speaker 2: It seems that way. But urgency needs to be part 56 00:02:50,280 --> 00:02:52,520 Speaker 2: of the conversation in terms of it's still going to 57 00:02:52,560 --> 00:02:56,120 Speaker 2: be getting all right, but just don't sit around and 58 00:02:56,400 --> 00:02:59,240 Speaker 2: wait for things to happen, push them through and let's 59 00:02:59,240 --> 00:03:01,200 Speaker 2: hopefully get some construction underway. 60 00:03:01,600 --> 00:03:04,240 Speaker 1: Is it a concern that we build might have different 61 00:03:04,320 --> 00:03:07,080 Speaker 1: sort of requirements or may not be able to deliver 62 00:03:07,120 --> 00:03:09,640 Speaker 1: the project in the same way that Clough had proposed. 63 00:03:11,400 --> 00:03:15,480 Speaker 2: Look, that's an interesting conversation. And you know Cloff had many, 64 00:03:15,520 --> 00:03:17,680 Speaker 2: many national projects on the go, and this is one 65 00:03:17,720 --> 00:03:20,760 Speaker 2: of them, probably arguably one of the smaller ones as well. 66 00:03:21,080 --> 00:03:23,400 Speaker 2: So it'll get wrapped up in a whole bigger process. 67 00:03:23,800 --> 00:03:26,120 Speaker 2: I would hope that the urgency on some of the 68 00:03:26,120 --> 00:03:28,880 Speaker 2: other projects around the country will drive a good outcome 69 00:03:28,919 --> 00:03:32,240 Speaker 2: for us. So I would expect that, you know, the 70 00:03:32,280 --> 00:03:35,000 Speaker 2: proponents will talk about that in due course, but it 71 00:03:35,120 --> 00:03:37,120 Speaker 2: is one of the risks for sure, Greg. 72 00:03:37,240 --> 00:03:40,800 Speaker 1: How important is this ship left to the Northern Territory particularly, 73 00:03:40,880 --> 00:03:42,760 Speaker 1: you know, when we talk about that forty billion dollar 74 00:03:42,800 --> 00:03:45,480 Speaker 1: economy in. 75 00:03:45,440 --> 00:03:48,440 Speaker 2: The scheme of things, it's hugely important. You know, we 76 00:03:48,480 --> 00:03:52,640 Speaker 2: can see that not only is the defense activity around 77 00:03:52,680 --> 00:03:55,720 Speaker 2: the territory going to continue to increase and they will 78 00:03:55,720 --> 00:03:59,800 Speaker 2: be a significant user of this particular asset, but the 79 00:03:59,800 --> 00:04:03,480 Speaker 2: whole maritime structure around oil and gas and everything else 80 00:04:03,520 --> 00:04:07,240 Speaker 2: that's going to happen in our harbor is very contingent 81 00:04:07,280 --> 00:04:10,040 Speaker 2: on having some support services for those vessels. So it's 82 00:04:10,320 --> 00:04:13,240 Speaker 2: a huge and hugely important project in the context of 83 00:04:13,760 --> 00:04:14,640 Speaker 2: territory's future. 84 00:04:15,240 --> 00:04:18,200 Speaker 1: Now, when you talk about the contractors, obviously we're talking 85 00:04:18,240 --> 00:04:21,880 Speaker 1: about the delivery of the project, but also talking about 86 00:04:22,480 --> 00:04:25,560 Speaker 1: making sure that we you know, that we win contracts 87 00:04:25,600 --> 00:04:28,000 Speaker 1: as well. I'm assuming to ensure that it is a 88 00:04:28,080 --> 00:04:29,119 Speaker 1: busy ship lift. 89 00:04:30,600 --> 00:04:35,400 Speaker 2: Yeah, that's exactly right, and that's where those negotiations need certainty, 90 00:04:35,640 --> 00:04:38,360 Speaker 2: and certainty is not what we're dealing with right now. 91 00:04:38,400 --> 00:04:41,080 Speaker 2: But that's hopefully that's the case. And you know, we 92 00:04:41,120 --> 00:04:44,839 Speaker 2: have the same situation brewing with some cable. You know, 93 00:04:44,880 --> 00:04:46,840 Speaker 2: we really do need a positive outcome with that one 94 00:04:46,880 --> 00:04:47,279 Speaker 2: as well. 95 00:04:47,720 --> 00:04:49,360 Speaker 3: Just on that, I mean some cable. 96 00:04:49,400 --> 00:04:54,240 Speaker 1: We all know that over that Christmas period the dispute, 97 00:04:54,279 --> 00:04:57,279 Speaker 1: I think you'd have to say, between the two proponents. 98 00:04:57,920 --> 00:05:00,040 Speaker 3: Where are we at? Is this still going to be 99 00:05:00,120 --> 00:05:00,960 Speaker 3: able to go ahead? 100 00:05:02,640 --> 00:05:05,200 Speaker 2: Look, I think we're in a very similar situation to Cloff. 101 00:05:05,240 --> 00:05:09,920 Speaker 2: The administrators are seeking expressions of interest for purchase. One 102 00:05:09,920 --> 00:05:12,640 Speaker 2: would suspect that there's a couple of conversations happening around 103 00:05:12,640 --> 00:05:15,799 Speaker 2: the background there that hopefully we'll see a positive outcome 104 00:05:16,279 --> 00:05:18,680 Speaker 2: in due course of that as well. But continue to 105 00:05:18,720 --> 00:05:21,640 Speaker 2: hear from some cable that it's business as usual and 106 00:05:21,640 --> 00:05:23,640 Speaker 2: they fully expect a positive outcome. 107 00:05:23,800 --> 00:05:26,279 Speaker 1: Well, gee, I think we're all hoping, We're all certainly 108 00:05:26,360 --> 00:05:28,400 Speaker 1: hoping with both of these projects that they're able to 109 00:05:28,440 --> 00:05:28,839 Speaker 1: go ahead. 110 00:05:28,880 --> 00:05:30,360 Speaker 3: But there is you know, there's quite a. 111 00:05:30,279 --> 00:05:32,680 Speaker 1: Bit of concern I think it'd be safe to say, 112 00:05:32,720 --> 00:05:34,560 Speaker 1: isn't there from the community. 113 00:05:36,000 --> 00:05:39,520 Speaker 2: Yeah, look at our key projects in our economic future, 114 00:05:39,560 --> 00:05:42,680 Speaker 2: and that does create the uncertainty that we really don't 115 00:05:42,680 --> 00:05:46,640 Speaker 2: want businesses looking forward to a very constructive or the 116 00:05:46,680 --> 00:05:50,040 Speaker 2: part I guess period over the next decade, and then 117 00:05:50,520 --> 00:05:52,880 Speaker 2: these and other projects are critical to that. 118 00:05:53,520 --> 00:05:56,480 Speaker 1: Now, I do want to just chat about very quickly 119 00:05:56,520 --> 00:05:59,520 Speaker 1: the situation out of Alice Springs. Obviously, there's been quite 120 00:05:59,560 --> 00:06:03,120 Speaker 1: a number of businesses out of Central Australia really screaming 121 00:06:03,120 --> 00:06:06,440 Speaker 1: out for some time about the issues that they're experiencing 122 00:06:06,680 --> 00:06:10,880 Speaker 1: in Central Australia. Greg from your perspective, the announcement by 123 00:06:10,920 --> 00:06:14,279 Speaker 1: the government yesterday, are they feeling more hopeful of you 124 00:06:14,360 --> 00:06:18,679 Speaker 1: had many discussions with business owners in Alice Springs following 125 00:06:18,680 --> 00:06:19,720 Speaker 1: on from that announcement. 126 00:06:21,320 --> 00:06:24,640 Speaker 2: Look, there's been some conversations I think around the copy 127 00:06:25,080 --> 00:06:28,560 Speaker 2: machine yesterday around the announcement, as well as some more 128 00:06:28,600 --> 00:06:32,320 Speaker 2: formal stuff happening this morning as to what people are 129 00:06:32,360 --> 00:06:35,520 Speaker 2: thinking and feeling about these announcements. I think from a 130 00:06:35,600 --> 00:06:38,560 Speaker 2: chamber of perspective, we have been as active as we 131 00:06:38,640 --> 00:06:41,760 Speaker 2: can in the conversation all through this process and what 132 00:06:41,800 --> 00:06:46,200 Speaker 2: we're seeing now is resourcing that will make a significant 133 00:06:46,200 --> 00:06:49,760 Speaker 2: shift forward. But two hundred and fifty million dollars plus 134 00:06:49,839 --> 00:06:53,039 Speaker 2: the previously announced forty eight. Now, that's three hundred million 135 00:06:53,080 --> 00:06:56,839 Speaker 2: dollars coming into that region to target these particular outcomes. 136 00:06:57,360 --> 00:06:59,480 Speaker 2: That's got to be a positive thing for the community 137 00:06:59,760 --> 00:07:02,799 Speaker 2: and for the people impacted by all of this crime 138 00:07:02,800 --> 00:07:06,000 Speaker 2: and any social behavior. What we really need to see 139 00:07:06,040 --> 00:07:07,800 Speaker 2: is the value for that spend to make sure that 140 00:07:07,839 --> 00:07:11,200 Speaker 2: we are spending it efficiently and getting the outcomes and 141 00:07:11,240 --> 00:07:12,840 Speaker 2: a needed in a measurable way. 142 00:07:13,080 --> 00:07:13,320 Speaker 3: Yeah. 143 00:07:13,360 --> 00:07:16,120 Speaker 1: Absolutely, there's got to be those KPIs in place. We've 144 00:07:16,120 --> 00:07:18,080 Speaker 1: got to make sure that if there are programs, as 145 00:07:18,080 --> 00:07:19,960 Speaker 1: we heard from Michael Little a little bit earlier on 146 00:07:20,000 --> 00:07:23,520 Speaker 1: the show, you know, if there is a service provider 147 00:07:23,800 --> 00:07:26,360 Speaker 1: providing a service, there's got to be those KPIs and 148 00:07:26,400 --> 00:07:30,120 Speaker 1: we make sure that that money is being adequately spent. 149 00:07:31,560 --> 00:07:34,360 Speaker 2: Absolutely, and the Chamber will be focused on being part 150 00:07:34,360 --> 00:07:37,360 Speaker 2: of that conversation and also providing feedback if we think 151 00:07:37,400 --> 00:07:40,000 Speaker 2: that things aren't going the direction that they need to. 152 00:07:40,040 --> 00:07:43,000 Speaker 2: But we know for the sake of business and particularly 153 00:07:43,040 --> 00:07:46,000 Speaker 2: the broader Hourur Springs community, there has to be substantial 154 00:07:46,120 --> 00:07:49,640 Speaker 2: change and it needs to be effective and meaningful in 155 00:07:50,000 --> 00:07:52,680 Speaker 2: providing relief for the situation that they find themselves in 156 00:07:52,760 --> 00:07:53,600 Speaker 2: right now. 157 00:07:53,680 --> 00:07:56,360 Speaker 1: Just how difficult would you say it has it been 158 00:07:56,680 --> 00:08:01,800 Speaker 1: for businesses trying to operate in Alice Spring under the 159 00:08:01,840 --> 00:08:03,520 Speaker 1: current situation that they've been in. 160 00:08:05,520 --> 00:08:08,360 Speaker 2: I think the only where that springs to mind is horrendous, Kadie. 161 00:08:08,400 --> 00:08:11,800 Speaker 2: It's just been such a challenge many many businesses have 162 00:08:11,880 --> 00:08:15,600 Speaker 2: clothes and people who have left towns. We've been saying 163 00:08:15,600 --> 00:08:18,760 Speaker 2: it's a Christ's point for some time. That's very much 164 00:08:18,800 --> 00:08:22,880 Speaker 2: the case. Business needs the relief. The fact that three 165 00:08:22,920 --> 00:08:25,560 Speaker 2: and a half thousand people turned up to a community 166 00:08:25,600 --> 00:08:30,400 Speaker 2: meeting created some conversation, created more awareness. I think that 167 00:08:30,560 --> 00:08:33,120 Speaker 2: has been a positive and it was a little bit 168 00:08:33,120 --> 00:08:34,960 Speaker 2: of a shame the way that it was reported on 169 00:08:35,120 --> 00:08:38,880 Speaker 2: some aspects of the media on those outcomes, but I 170 00:08:38,920 --> 00:08:42,920 Speaker 2: think that the region now has an opportunity with this 171 00:08:43,000 --> 00:08:45,160 Speaker 2: funding to get some significant outcomes. 172 00:08:45,640 --> 00:08:47,440 Speaker 1: Greg, I want to ask you as well before I 173 00:08:47,520 --> 00:08:50,360 Speaker 1: let you go this morning. Interest rates they are looking 174 00:08:50,400 --> 00:08:53,079 Speaker 1: as though they're going to rise again today. There's no 175 00:08:53,120 --> 00:08:55,240 Speaker 1: doubt there's a lot of people doing it really tough 176 00:08:55,280 --> 00:08:57,440 Speaker 1: when it comes to the cost of living. Is it 177 00:08:57,520 --> 00:08:59,920 Speaker 1: having an impact on our Northern Territory businesses. 178 00:09:01,559 --> 00:09:03,920 Speaker 2: Yeah, we've chatted about this before. We seem to do 179 00:09:03,960 --> 00:09:07,240 Speaker 2: it quarterly canny and every interest rate rise day, which 180 00:09:07,280 --> 00:09:10,320 Speaker 2: seems to roll around pretty quickly, and we fully suspect 181 00:09:10,360 --> 00:09:14,400 Speaker 2: that there'll be one announced this afternoon, maybe to follow 182 00:09:14,520 --> 00:09:17,440 Speaker 2: as well after that. But we can see that, you know, 183 00:09:17,600 --> 00:09:24,240 Speaker 2: nationally that the impacts of rate rises are certainly starting 184 00:09:24,240 --> 00:09:27,520 Speaker 2: to dampen, and hopefully that means that this will tail off. 185 00:09:27,600 --> 00:09:30,640 Speaker 2: But the cost of money is getting much more expensive. 186 00:09:31,000 --> 00:09:35,200 Speaker 2: It does impact on business's ability to invest back into 187 00:09:35,240 --> 00:09:40,360 Speaker 2: their business, results in increased operating costs that gets past 188 00:09:40,360 --> 00:09:42,959 Speaker 2: the consumers. So it's a bad news story all round. 189 00:09:43,760 --> 00:09:45,720 Speaker 2: But perhaps on the other side of the fence, sitting 190 00:09:45,720 --> 00:09:49,079 Speaker 2: one that is a retiree and has some asset invested 191 00:09:49,120 --> 00:09:51,080 Speaker 2: in super they're starting to be a little bit more 192 00:09:51,240 --> 00:09:54,160 Speaker 2: return on that. So you know, some people are winners 193 00:09:54,160 --> 00:09:56,680 Speaker 2: out of this, and that the majority of us just 194 00:09:56,720 --> 00:09:57,600 Speaker 2: paying higher bills. 195 00:09:57,760 --> 00:09:59,160 Speaker 3: Yeah, it makes it hard, doesn't it. 196 00:09:59,200 --> 00:10:02,199 Speaker 1: And then you spending more money on everything basically, and 197 00:10:02,960 --> 00:10:04,720 Speaker 1: it feels like you're getting less for it. 198 00:10:05,960 --> 00:10:09,240 Speaker 2: Yeah. Look, absolutely, butt's hope there's some light at the 199 00:10:09,280 --> 00:10:12,920 Speaker 2: end of that particular tunnel, but yeah, it's going to 200 00:10:12,960 --> 00:10:14,880 Speaker 2: be challenging another twelve months, I think. 201 00:10:15,200 --> 00:10:18,480 Speaker 1: Yeah, well, get out there, spend locally. Make sure that 202 00:10:18,520 --> 00:10:21,559 Speaker 1: we do support our local businesses. I think is always 203 00:10:21,600 --> 00:10:25,840 Speaker 1: the message. Greg Island, the CEO of the Chamber of Commerce. 204 00:10:25,880 --> 00:10:27,400 Speaker 1: We always appreciate your time. 205 00:10:28,720 --> 00:10:29,560 Speaker 2: You're welcome, Katie. 206 00:10:29,840 --> 00:10:30,600 Speaker 3: Thank you