Rudd announces a "northern economic zone"

Rudd announces a "northern economic zone"

Prime Minister Kevin Rudd has promised to develop a special economic zone for northern Australia, under a re-elected Labor government.

Mr Rudd has made the announcement from Darwin today, on the 11th day of the election campaign, which would include a cut to the company tax rate for the Northern Territory.

He says given the NT’s unique remoteness, he believes it should have a company tax rate around one-third lower than the rest of the country.

He’s promised to deliver a detailed investment plan in 2014, if returned to government.

Mr Rudd says the plan will also simplify investment and regulation, to make it easier and faster for projects to go ahead in the territory.

He is also visitng Kununurra in Western Australia today, to reveal an expansion of the Ord River irrigation scheme in the state.  

The Ord River is in the electorate of Durack. which the Liberals hold by 13.7 per cent.

It comes as the West Australian government and the Federal government recently announced a joint multi-million dollar commitment to help develop the second stage of the scheme.

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Amy Whittaker
Amy Whittaker 1402 posts

Amy joined the NRN team in August 2011, before graduating from a B of Arts (Communication-Journalism)/B of Sports Studies from Charles Sturt University in December 2011.

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