Property development giant Lendlease has been selected as the managing contractor for the construction of the Osborne South Shipyard, the Turnbull Government has announced.
According to the Government’s press release, the company will partner with Australian Naval Infrastructure Pty Ltd to deliver this nationally significant project, with mobilisation works to commence later this month.
Defence Industry Minister Christopher Pyne said the $535 million project is expected to generate about 600 construction jobs at its peak.
“For the first time in over a decade we are seeing jobs created at Osborne, with up to 600 construction related jobs to be created on the Osborne South Shipyard project,” the Minister said.
“The valley of death is over and we are now seeing a upturn of employment in naval shipbuilding in our state that will only continue to increase as these new projects gain momentum.”
Minister for Finance Mathias Cormann said the announcement was the latest step in the Government’s plan to ensure the development of world-leading shipbuilding facilities in the state.
“Through Australian Naval Infrastructure Pty Ltd the Government is investing more than $500 million in naval infrastructure at Osborne that will support a sustainable, long-term naval shipbuilding industry in Australia,” Mr Cormann stated.
The construction of the shipyard, which will support the delivery of the of Future Frigate program, is expected to complete in 2020.