News
Issue No. 25 - October/November 2005
News Snapshots
Tsunami rebuilding program
The Asian earthquake and tsunamis have been one of the most devastating natural disasters in modern times causing significant damage to physical infrastructure. Preliminary damage assessments by various aid agencies estimate it could take five to 10 years to rebuild services, basic amenities and support infrastructures. Reconstruction will involve collaboration between governments, aid agencies and private organisations to target communities with long-term rehabilitation and reconstruction programs. The Department of Trade and Economic Development Tsunami Reconstruction Program has been set up to assist SA businesses focus on opportunities arising from the federal assistance package of $2 billion for the total development of Indonesia. The program will help SA businesses to understand, bid for and win major procurement projects funded by international aid agencies and non-government organisations by providing market intelligence, targeted industry briefings, trade missions, business networking opportunities and supplier development support. DTED is planning a further market awareness mission to Indonesia in November 2005 to help businesses assess the trade opportunities available and to meet with key stakeholders.
For further information on the program or the marketing mission to Indonesia contact the DTED Office of Trade, Joe Mastrangelo, 8303 2971 or 0417 812 148. Email: joe.mastrangelo@state.sa.gov.au
Lonsdale fund kick-starts
Australian Industry Minister, Ian Macfarlane, and South Australian Deputy Premier, Kevin Foley, have announced more than $6.4 million funding for three projects expected to generate about 250 new manufacturing jobs in Adelaide. Seed capital from the Structural Adjustment Fund for South Australia set up following Mitsubishi's Lonsdale wind-up is expected to generate more than $21 million in new investment and manufacturin...
