Arnhem Land projects ready to blast off
The Paspalis Innovation Investment Fund has announced they will make an investment into the Arnhem Space Centre, which will be launching NASA rockets in 2020.
This investment will be key to getting the project off the ground and creating long-term jobs in the Nhulunbuy, Yirrkala and Gunyangara communities.
PIIF’s investment will enable Equatorial Launch Australia to undertake planning for NASA’s launches from the site in 2020.
Chief Minister Michael Gunner also announced that the Northern Territory Government will invest $45million into sealing the Central Arnhem Road, the major access road from central to Northeast Arnhem Land.
Most of the Territory Government’s investment will be delivered by dry season 2021, with an early works package to be delivered in the dry season 2020.
Sealing the road will make long-term investment into the region more attractive, and improve access for Territorians and visitors.
The Territory Government’s investment is in addition the $180million already committed by the Federal Government in the 18-19 budget.
Carley Scott, Equatorial Launch Australia CEO, welcomed the investment from Paspalis Innovation Investment Fund.
“The Northern Territory has always offered exceptional geographic and business opportunities. The decision by PIIF to support ELA's spaceport planning is historic. It clearly signals to government and investors that the Arnhem Space Centre is an opportunity worth getting behind.
“We share the enjoyment of the growing Arnhem Space Centre story with the Yolngu people, the Gumatj Corporation, DEAL, the East Arnhem community, and, all Northern Territory Government representatives who continue to look for opportunities to support the space industry and all it can inspire."