$551m Adelaide City Deal to boost economic growth, tourism and innovation

Monica Gameng   |   March 25, 2019

Adelaide is set to benefit from $551 million in funding with the three levels of government - Federal, State and Local - signing off on a City Deal that will help boost economic growth, tourism and innovation in the region in the next decade.

The focus area of the more than half-a-billion dollar City Deal will include:

  • Developing Lot Fourteen - the former site of the Royal Adelaide Hospital - into a research, innovation and entrepreneurialism in technology and the arts hub

  • Investment and strategies that will connect Lot Fourteen to the rest of the Adelaide city centre and metropolitan area in order for the rest of Adelaide to benefit from the investment on Lot Fourteen as well

  • Supporting growth in South Australia’s skilled workforce and industries at the forefront of innovation and cutting edge technologies

  • Supporting cultural and environmental projects in Adelaide’s suburbs through new facilities and technology that grow the local tourism sector

In an official media statement, it said: “The Deal paves the way for the transformation of Lot Fourteen in the north-eastern corner of Adelaide’s CBD into an innovation precinct. Lot Fourteen will host the headquarters of the Australian Space Agency, its mission control facility and the Australian Space Discovery Centre, as well as major cultural attractions, high tech businesses and world-class education facilities.”

“The major infrastructure projects planned for Lot Fourteen, together with a focus on supporting Adelaide’s growth, will help take the city to the next level in terms of its potential to achieve major economic growth over the longer term,” the media release stated.

Over the next six months, the Federal and State Governments as well as the City of Adelaide will work together to develop an Implementation Plan that will involve setting timeframes and “responsibilities for commitments”.

The three levels of government will be working with Collaborating Partners - including the University of Adelaide, Flinders university and the University of South Australia - during the development of the Implementation Plan.

Other local governments will also be engaged to participate and help develop relevant commitments under the City Deal.

Want to stay up to date with the latest industry news and project updates? Subscribe to Felix Project News today.

Source: Minister for Cities, Urban Infrastructure and Population; Prime Minister of Australia; Adelaide Now; City Deal

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

Round 3 of Building Better Regions Fund to deliver 330 projects across Australia

Approximately $204.3 million has been invested through the Australian Government’s Building Better Regions Fund (BBRF) for the delivery of up to 330 infrastructure projects and community initiatives in regional communities across Australia.

$415m investment to fast track congestion busting projects in SA

A $415 million infrastructure package has been committed to help bust congestion and improve safety on South Australia regional roads as well as help drive jobs and strengthen the local economy.

$355m City Deal to revitalise Geelong VIC

A $355 million City Deal has been signed off by the Australian, Victorian and Local Governments for Geelong to help boost the local economy and tourism industry. This major investment will help fund a number of projects that will revitalise Geelong and the Great Ocean Road regions.

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog. Join thousands of construction and mining pros getting the best content right in their inbox.
  • updates on Australia's pipeline of state and federal projects
  • fresh contract awards from major contractors and builders

If you're looking to contact us about other matters, please contact us.