A new plan will outline how the $551 million Adelaide City Deal will boost the South Australian economy, centred around the Lot Fourteen innovation and culture precinct.
The Federal Government, State Government and the City of Adelaide launched the Adelaide City Deal Implementation Plan, which maps out the specific actions required to ensure the City Deal commitments are delivered as quickly as possible.
Federal Minister for Population, Cities and Urban Infrastructure, Alan Tudge, said the plan was a vital step to rolling out the ten-year City Deal.
“This is a great partnership across the three levels of government which will deliver projects to enhance Adelaide’s reputation as a great place to live, visit, study and work,” Mr Tudge said.
“Today is an important step in unlocking the economic stimulus, innovation and cultural boost that will flow from the City Deal.
“We’ve already made significant progress. More than $100 million in construction contracts have been awarded at Lot Fourteen, which is set to become one of the world’s leading centres for entrepreneurs, start-ups and innovation.”
South Australian Premier, Steven Marshall, said a number of key projects under the deal will transform Lot Fourteen into the innovation centre of the nation and boost local jobs.
“This deal represents a real turning point for South Australia’s economy and paints a bright picture for the future of our state,” Mr Marshall said.
“The Adelaide City Deal has a focus on transforming Lot Fourteen into a job-generating, nation-leading innovation hub, while also boosting our cultural economy and busting congestions on our roads.
“Our combined $551 million investment is a great example of what happens when governments work together to deliver productive infrastructure and more opportunities.”
Lord Mayor of Adelaide, Sandy Verschoor, said with solid plans in place, the City Deal’s key projects would soon become a reality.
“This is an exciting time for Adelaide, with projects under the City Deal set to create a number of local jobs and attract more tourists to our beautiful city and surrounding regions,” Ms Verschoor said.
“The City Deal will enable the City of Adelaide to quickly accelerate the rollout of smart infrastructure – driven by the power of our transformational Ten Gigabit Adelaide network – to enhance the city’s quality of life.”
Already home to the Australian Space Agency, SmartSat CRC, Mission Control and Space Discovery Centre, Lot Fourteen will also host the Aboriginal Arts and Cultures Gallery and the International Centre for Food, Hospitality and Tourism Studies.
The Adelaide City Deal also includes investments in cultural and environmental sites including the construction of the Heysen Gallery at Hahndorf, a pavilion at Carrick Hill and the Mitcham Hills Trail and Glenthorne Loop.
The Adelaide City Deal Implementation Plan will outline the key milestones, responsibilities, funding and performance measures for the City Deal projects. More information is available at https://www.infrastructure.gov.au/cities/city-deals/adelaide.