‘Extremely frustrating’: Funding issues, contractual disputes and COVID-19 hit major NT projects

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Mega prawn farm and luxury hotel in trouble as forces threaten key northern Australia projects

Two major projects under development in northern Australia — including one of the world's biggest prawn farms and a luxury hotel in Darwin — have both been hit by significant roadblocks, the NT Chief Minister says.The Chief Minister says funding issues and the pandemic have impacted the prawn projectThe $1.

The NAIF provides concessional loans for projects that yield significant public benefits but face unique risks associated with their location in northern Australia, including distance, remoteness and climate-related challenges. "We haven't got an update from them about where that's going because obviously with coronavirus hitting, it threw a lot of the global markets into a pause phase.""They are still alive, they are still moving forward."

 

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How big is a mega prawn?

you're a Mega prawn..

Darn those pesky ‘forces’. They ruin everything.

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