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The Northern Territory government awarded a $48 million contract to US company Pearlson Shiplift Corporation to build a ship lift in the Northern Territory, Australia. The ship lift will lift vessels up to 5500 tonnes and is expected to be completed by 2026.
“A United States company has been awarded the contract to build the ship lift set to be a major money maker in the Northern Territory.”theqldr.com.au
Summarized from public sources; check the original articles before acting on it.