00:00 Reason to smile after more than seven months of talks, the acting Prime Minister and Premier
00:06 inking a land swap between the federal and state governments.
00:10 A critical foundational step in allowing us to move down the pathway of building nuclear
00:17 powered submarines here.
00:19 The arrangement was first flagged when the Orcas submarine deal was detailed in March.
00:24 It will see the state give up land adjacent to the existing Osborne shipyard so facilities
00:29 to construct nuclear powered subs can be built.
00:33 In return the Commonwealth will hand over land at Smithfield, at Koltana outside of
00:37 Wyala plus the Keswick Army Barracks on Adelaide's fringe.
00:42 This is a big opportunity for housing, a thoughtful master plan development in a really strategic
00:47 location.
00:48 The Army will lease back Keswick for three years before development can start.
00:53 And there's already a pledge that 15% of the site will be kept for affordable housing.
00:58 The Property Council says the deal helps provide a pipeline of work.
01:03 There's not many sites on that sort of prime real estate so close to the city that provides
01:08 that significant opportunity.
01:11 Richard Marles taking the opportunity to tour a submarine amid lingering questions about
01:15 the Hunter class frigate program in the sheds next door.
01:19 He's ruled out one thing.
01:21 There's no prospect of building frigates in Scotland.
01:24 But can't yet say if nine will be built in Adelaide as originally planned with a review
01:29 into Navy's surface ships not set to be released until the new year.
01:33 I don't want to pre-empt the review so I'm not answering that part of your question.
01:38 But the part of the question around will there be continuous ship building here in Adelaide
01:42 indefinitely, the answer to that is absolutely yes.
01:45 Which means more workers are needed.
01:47 A new workforce plan also unveiled including a new skills and training academy at Osborne
01:53 designed for up to a thousand students a year from 2027.
01:57 [BLANK_AUDIO]
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