WEDNESDAY DECEMBER 11 2019 BUSINESS NEWS 15 WiseTech buys South Timor link excites Mills Korean firm RAPHAELLA SAROUKOS WISETECH Global has ac- [email protected] quired South Korean customs solutions company Ready AN advocate for the Terri- Korea in a deal worth a poten- tory’s relationship with Indo- tial $20 million. nesia says unprecedented WiseTech said Ready business and tourism oppor- Korea – headquartered in tunities will arise if new Seoul – would provide it with flights between Darwin and trade expertise in a region that Timor are established. is currently the world’s eighth Earlier this month it was largest export market and announced flights would tenth largest import market. begin in February 2020 if fed- The Ready Korea purchase eral approvals were granted. includes a $13.2 million pay- TransNusa Aviation Man- ment up front, with up to $7 diri vice chairman Leo Budi- million more depending upon man told the NT News once performance. Civil Aviation Safety Author- WiseTech, which in Octo- ity (CASA) approval was ber fended off attacks from a granted the airline would Beijing-based short seller over consider three passenger ser- its acquisition strategy, said vices a week linking Kupang- yesterday its latest buy was Dili-Darwin. strategic. WiseTech expects Independent Member for the deal to add a non-material Blain Terry Mills applauded $7.3 million to its annual rev- TransNusa’s efforts and said enue and $1.6 million in earn- the flights would bring im- ings. WiseTech shares slipped mense tourism opportunities. TransNusa has its sights set on three passenger services a week linking Kupang-Dili-Darwin 0.74 per cent to $25.46 by early “Tourism is critical and I afternoon yesterday, but have think it’s an untapped market modo Islands, and go to Ku- then all the way to Darwin.” “TransNusa are quite en- encouraged and supported still gained 50 per cent in 2019. here,” he said. “The millions pang and come to Darwin. Mr Mills, however, said thusiastic which is great, it and it’s going to be to our mu- Ready Korea facilitates the going to Bali are promoting There is an untapped market this would all depend on may take much longer than tual benefit if it is a success. lodgement of electronic trans- the eastern part of Indonesia there. If we were to market TransNusa securing CASA expected but I think it’s im- “The NT then can have a actions to the Korean Customs in Bali, like Komodo. They Darwin in Bali we could di- approval and establishing a portant it’s done well,” he really unique connection into Service, including customs can go from Bali, to the Ko- rect some of that flow east, sustainable business plan. said. “TransNusa are to be East Timor.” brokerage and refunds, and Free Trade Agreement verifications. Palmerston Youth Another job creating project Drop-in Centre Darwin Education and Civic Precinct - The Northern Territory Government, in partnership with the City of Palmerston, Early Contractor Involvement (ECI) is establishing a youth drop-in centre for young people aged 10-17 years of age in Expression Of Interests (EOI) - Now Open Palmerston. Expressions of Interest (EOI) are now The ECI contractor must bring extensive experience The Department of Infrastructure, Planning and in design management, cost planning and Logistics, in partnership with Territory Families, open for organisations wishing to construction of significant mixed use developments has released a tender to complete infrastructure tender for a proposed Early Contractor or experience delivering significant individual works and fit-out of the Youth Drop-In Centre. educational, commercial or public developments. Involvement (ECI) contract to collaborate Construction is set to commence in January 2020, with the project partners and project The EOI is the first stage of a multi-stage tender with the centre expected to open in mid-2020. process. The objective of the EOI process is team to design and develop the Darwin DKJ Architects were engaged to complete the to identify and pre-register organisations that Education and Civic Precinct. design and documentation, which includes an are interested in entering into the proposed office, kitchen, arts and craft area, TV and gaming contract and have suitable capacity, capability and This proposed development is a centrepiece lounge, workstations and external ablution block. initiative of the Darwin City Deal between the experience. This initiative forms part of a City of Palmerston City of Darwin, Northern Territory and Australia The EOI closes on 18 December 2019. To receive capital grant project, totalling $2.1 million, Government and Charles Darwin University (CDU). documents, please email educationcivicprecinct. delivered by the Department of Infrastructure, [email protected] The Department of Infrastructure, Planning and Planning and Logistics. Logistics is supporting CDU in the process. To keep up to date on our latest projects, follow NT Significant upgrades to the centre will be funded DIPL on Facebook. The development, on the Cavenagh Street Car Park by the Territory Government, which will be site, aims to give CDU a presence in the heart of investing $3.53 million in funding over three years Darwin City. to provide this service. The Palmerston Youth Drop-In Centre will be . NORTHERN located at the City of Palmerston’s Swimming and CITY OF ■.~.- TERRITORY Fitness Centre at 31 Tilston Avenue, Moulden. DARWIN GOVERNMENT V1 - NTNE01Z01MA.