Two Wells to Whyalla: The first regional economic corridor
07 November 2017
SA Government: The 340km stretch between Two
Wells and Whyalla is
South Australia’s first designated Economic
Corridor, becoming a focal point for increased employment and
investment.
Regional Development Minister Geoff Brock launched the Two Wells to
Whyalla (2W2W) compendium at the 2017 Sustainable Economic Growth for
Regional Australia (SEGRA) conference in Port Augusta today.
2W2W is one of the state’s proven economic performers, with enormous
potential for investment and growth. The corridor is poised to become
one of the nation’s most vibrant and successful food production areas
and an important industrial manufacturing and processing hub, with
associated energy, transport and logistics support industries.
The document contains supporting information, aimed at attracting
investors and businesses looking to build a presence in South Australia.
The 2W2W compendium and supporting video will form essential parts of
South Australia’s investment tool kit, provided to inbound and outbound
trade missions and potential foreign and domestic investors. Both are
readily available on the Primary Industries and Regions SA website,
http://www.pir.sa.gov.au/regions/two_wells_to_whyalla_2w2w_economic_corridor
Background
South Australia’s growth and economic prosperity are closely linked to
its regions, which contribute around $25 billion a year to the economy
and produce more than half of SA’s merchandise exports.
2W2W has seen substantial growth over the past decade, through
well-established and highly productive agriculture, access to secure
water sources and a skilled labour force.
The potential of 2W2W will be backed by the State Government’s
comprehensive $550 million Energy Plan, which will increase
power
security, boost competition and put downward pressure on prices.
Many of the measures contained in the plan are already taking place in
or near 2W2W, including the
Port Augusta Solar Thermal Plant, and
Sundrop Farms – which is using world-leading technology to support solar
electricity, heat and desalinated seawater to grow fruit and vegetables.
The Whyalla steelworks was also recently purchased by GFG Alliance with
the company announcing plans to expand output of the rebranded Liberty
OneSteel facility.
Quotes attributable to Regional Development Minister Geoff Brock
The 340kms of fertile land running north from Two Wells, through Port
Augusta and around to Whyalla is one of South Australia’s great economic
achievers.
2W2W provides a focal point to attract new businesses, help existing
businesses to grow, and generate jobs in the corridor.
In the recent 2017/18 State Budget, the $200 million Future Jobs Fund is
investing in job creation and investment attraction – including in
regional South Australia.
The economic corridor will be a vital tool in attracting more investment
– and more opportunity – to South Australia.
--ENDS--
Source: South Australian Government - www.premier.sa.gov.au
Contact: N/A
External Links: http://www.pir.sa.gov.au/regions/two_wells_to_whyalla_2w2w_economic_corridor
Recent news by: South Australian Government