More than 86% of the development is being funded by private sector developers ($900 million) to develop the hotels, restaurants and apartments. This was leveraged from Government’s investment ($149 million) which delivered the Darwin Convention Centre, Wave lagoon and other community infrastructure elements.
Combined, more than $1 billion is being invested into the Territory, its future and its people.
It is expected full site development will occur over 15 years. The final sunset date for completion of the development is 2020.