The Northern Territory government has announced a $1.39 billion investment in territory-wide infrastructure projects as part of its 2015 budget, accounting for roughly one sixth of the governments expenditure for the coming financial year. Of the committed funds, $1.03 billion is allocated to capital projects and the balance will be used for repairs and maintenance. The sale of the Territory Insurance Office (TIO) is partially funding the expanded capital works program, with $200 million in revenue from the sale being reinvested in the 'Building the Territory' initiative, which includes more than $55 million for flood mitigation works.
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