Friday, 14th December 2018
Singapore Land Deal Agreed!
The Australia-Singapore Military Training Initiative (ASMTI) is set to proceed following finalised land acquisitions announced today.
The Government has announced that the Department of Defence has exchanged contracts with willing sellers to acquire the land to establish a new military training area near Greenvale.
“This is a fantastic moment for Townsville, Charters Towers, North Queensland and Northern Australia with the confirmation of land acquisition for the new Singapore military training area.”
“We have been working towards this pivotal deal since the Government first entered into the Comprehensive Strategic Partnership with Singapore in 2015.”
“This agreement between Singapore and Australia will see 14,000 Singaporean soldiers training in our region for 14 weeks every year. “
“The ASMTI will inject over $2 billion into the regional economy and is estimated to be worth around $50 million to the Townsville economy every year for the 25 year life of the agreement.
Senator Macdonald said this agreement is a huge economic boost for Townsville and the region and will provide a much-needed shot in the arm for the North.
Along with massive Federal spending on the Stadium, Port Chanel widening, Townsville Water project, Northern Roads, JCU, the CRC, NAIF and Adanis’ mine go ahead, this is a huge confidence boost to the Northern economy.
“Finalising the land acquisitions for the ASMTI – a process that has taken over two years – will mean real jobs for northerners as the process gets underway.