Deputy Premier John Barilaro today announced the launch of an $11.7 million defence, aviation, aerospace and technology precinct near the Williamtown RAAF Base.
The new 'Astra Aerolab' is set to generate over 5,500 jobs in the Hunter region and drive $246 million into the NSW economy.
Plans were revealed at the Newcastle Airport earlier this morning with Parliamentary Secretary for the Hunter Scot MacDonald and Newcastle Airport CEO Dr Peter Cock present.
The investment will house maintenance and support services for Australian fighter jets, including the F-36 Joint Strike Fighter and Hawk 127, which require significant long-term maintenance and upkeep.
"This investment will capitalise on the existing economic strengths of the region, securing 76 hectares of special purpose land committed to defence and aviation-related industry and employment," Mr Barilaro said.
Minister for Trade and Industry Niall Blair says it's great news for students following the NSW Government's recent $400,000 commitment to the STEMship Program.
"With this project we are actively creating attractive, engaging career pathways for people living in the regions, supporting local economies and backing our local defence industry," said Mr Blair.
Newcastle Aiport will use the $11.7 million of NSW Government funding to pay for utilities as well as the construction of a major access road.
$7.86 million will be contributed by Newcastle Airport to the $19 million project.
"This is a fantastic project that will give our local economy a boost and secure long-term viability of both the Williamtown Base and Newcastle Airport," said Mr McDonald.
