It wants a slice of Australia's $89b submarine upgrading program.
SGX-listed Civmec plans to splurge AU$80 million on a new shipbuilding facility in Australia, in a bid to secure deals under the country's AU$89 billion naval and submarine upgrading program.
Design and planning have already commenced with a further more detailed focus on engineering and geotechnical analysis occurring immediately in the New Year.
The facility will be able to house ship construction and on-going maintenance under cover in a conducive and efficient environment close to Fleet Base West, which is home to Australia's submarine force and half of its naval surface fleet.
The new facility will be situated on approximately seven-hectare (70,000 square metres) of land adjoining the south side of the group’s existing facility at the Australian Marine Complex in Henderson, and when operating at capacity is expected to provide additional jobs for up to 1,000 workers, as well as up to 100 additional apprenticeships and graduate.
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