Newcastle Airport, in Australia, has taken an important step toward the development of Astra Aerolab’s Business Technology Park this week, with plans to purchase almost 200 acres of nearby land.
Dr Peter Cock, chief executive officer at Newcastle Airport, said: “It brings us closer to realising Newcastle Airport as a regional hub for aviation activities including new defence and aerospace-related manufacturing, maintenance and research.
“Purchasing this land and developing Astra Aerolab was strongly supported by our shareholders, the City of Newcastle and Port Stephens Council, and demonstrates their commitment to develop and invest in the region’s future. Astra will provide the Hunter region with global connectivity for trade, tourism and jobs.”
In September last year (2018), John Barilaro MP—Deputy Premier of New South Wales—announced the award of a $11.7 million grant to kick-start the development of Astra Aerolab to capitalise on the existing economic strengths of the region. Purchasing the land means progress on the site can begin as early as next month.
Ryan Palmer, Port Stephens Mayor, said: “By investing in our region’s airport, we’re establishing ourselves as a dynamic destination for both business and tourism well into the future. This will see Port Stephens, and the whole of the Hunter Region, truly participate on the world stage as a premier tourist and business destination.”
Nuatali Nelmes, City of Newcastle Lord Mayor, welcomed the crucial next step in securing a significant number of local, high skilled jobs for the Greater Newcastle area. Mr Nelmes said the technology precinct is set to generate over 5,500 jobs in defence and aerospace technology, advanced manufacturing and research and development, putting Newcastle and the Hunter Region at the forefront of global aviation innovation.
Photo credit: Newcastle Herald AU