Australia’s largest timberline construction site is set to become the country’s biggest timberline project after being acquired by a major timber company.
The Australian Capital Territory Government has signed a lease agreement with the property developer Timberline, which owns the land in Darwin, for $1 billion.
The company said the $1billion was the biggest investment for the region’s timberline industry since a $2 billion partnership was announced last year.
The project was announced by the NT Government last week.
“It’s going to be the biggest timber project in NT history, and it’s going up on the Great River,” said the project’s owner, Timberline.
“I’m really excited about this project, and I’m really proud of what we’ve achieved together.”
