The Territory Labor Government has embarked on a mission to transform agribusiness into a multi-billion-dollar powerhouse, with the construction of a new $15 million facility at the heart of this vision. Situated within the expansive $44 million Berrimah Farm Science Precinct, this project is more than halfway to completion and is poised to redefine agricultural science in Northern Australia.
This advanced Science Services Agribusiness facility, a pioneer in the region, is designed to elevate biosecurity measures through its cutting-edge laboratories. Its establishment is a significant step towards enhancing biosecurity defences and operations in the area, simultaneously providing employment for over 145 locals. Such initiatives underscore the Territory’s commitment to fostering a robust agribusiness sector, which currently boasts a valuation of $1.3 billion. With the anticipated operational commencement of this precinct, projections suggest a potential surge in the sector’s worth to $2 billion by 2030.
Scheduled for completion within the year, the $15 million venture will introduce a modern molecular wing and high-level biosecurity labs. These facilities will facilitate a wide array of scientific explorations, alongside providing office spaces and field testing amenities. The establishment is not merely a local asset but a magnet for national and international scientific collaboration, especially with the Australian Government’s Biosecurity group.
Minister for Agribusiness and Fisheries, Mark Monaghan, expressed his enthusiasm about the project’s progress, noting the critical role of agriculture in the Territory’s economy, which generates over $1.3 billion annually. The development of this sector is deemed crucial for achieving the broader economic target of $40 billion by 2030. Monaghan highlighted the strategic importance of this facility in bolstering the region’s preparedness against biosecurity threats.
Joel Bowden, Minister for Infrastructure Planning and Logistics, reiterated the government’s dedication to job creation and economic expansion through such significant investments. He emphasized that the ongoing construction not only stimulates the local job market but also sets a foundation for sustainable growth in the agricultural domain. The forthcoming Combined Science Services Building is anticipated to be a cornerstone for scientific research and support in Northern Australia, particularly in the agricultural sector.
This development marks a significant stride towards augmenting the Territory’s agricultural capabilities and economic stature. Through this strategic investment, the region is set to emerge as a leader in agribusiness innovation and biosecurity management, steering towards a prosperous and sustainable future.
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Territory Labor Govt invests $15 million in a cutting-edge #Agribusiness facility, set to revolutionise Northern Australia's agricultural landscape. Boosting biosecurity measures, job creation, & economic growth. 🌾💼🔬💰📈 #TheIndianSunhttps://t.co/TQWbxB4wjv
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