N.E.T. – Northern Economic Triangle
The Northern Economic Triangle is a commitment by the Queensland Government to foster sustainable economic, social and community growth through the emergence of Mount Isa, Townsville and Bowen as a triangle of mineral processing and industrial development.
The Northern Economic Triangle aims to ensure critical infrastructure is provided to underpin private sector investment in minerals processing and industrial development over the course of the next half century.
The Northern Economic Triangle integrates the activities of each economic centre through the development of strategies to support stronger regional linkages as well as enhance mining, mineral processing and industrial development in individual economic centres.
The Northern Economic Triangle is a strategic response by the Queensland Government to recognise:
- the expansion of a world-class base metals processing region for supplying world markets.
- the potential to raise the regional and international profile of the northern region based on its globally significant minerals resources and minerals processing.
- the present global boom in demand for minerals and metals, which is likely to remain strong into the foreseeable future.
- opportunities for development presented by large international companies seeking locations for value adding projects on the east coast of Queensland.
- the current financial strength of the State and its successful track record in creating environments for sustainable industry development.
Extensive public consultation has been undertaken during January to April 2007 with key stakeholders and the community in the regional centres of Mount Isa, Townsville and Bowen. The consultation confirmed strong support for the initiative and agreement on the challenges to address within the Northern Economic Triangle.
The Northern Economic Triangle Infrastructure Plan 2007-2012 was released by the Premier on 3 August 2007.