Capes propped up by China market sentiment
NSW to focus on maritime and cruise development
New South Wales premier Kristina Keneally says the state government’s move to create a maritime capability hub will not dilute its commitment to Sydney’s cruise industry.
The NSW Government plans to use more than 80 defence-base sites across New South Wales to secure 30% of the Federal Government total defence spend over the next 10 years, Ms Keneally said at the Pacific 2010 International Maritime Exposition in Sydney yesterday.
"It is important that there is clarity around future uses of the harbour and this is what we will deliver," Ms Keneally said.
"I have no doubt that Sydney can be both a global tourist destination as well as a centre of maritime excellence."
The Air Combat Capability Hub in Newcastle will be developed in conjunction with the work being carried out by the passenger cruise terminal steering committee, Ms Keneally said.
The Federal Government plans to spend at least $300bn over the next 20 years on Australia's defence infrastructure.
