House of Assembly Fifty-Second Parliament, First Session (52-1) 52 1 Parliament of South Australia House of Assembly published Parliamentary Committees Parliamentary Committees Public Works Committee: Osborne North Industrial Precinct PUBLIC WORKS COMMITTEE: OSBORNE NORTH INDUSTRIAL PRECINCT Adjourned debate on motion of Mr Piccolo: That the 386^th report of the committee, entitled Osborne North Industrial Precinct, be noted. (Continued from 24 November 2010.) Mrs VLAHOS House of Assembly Taylor Mrs VLAHOS (Taylor) (11:17): I will resume the speech that was partially delivered by Mr Piccolo in relation to this matter, who was dealing with it before I became the Chair of the Public Works Committee. In conclusion, once the developed parcel of land at the Osborne precinct goes ahead, it will comprise 27 acres of land for sale and approximately eight hectares of public roads, stormwater swales and open space purposes. Parcel 2 is zoned open Metropolitan Open Space System (Buffer) and will be used for stormwater management and open space purposes. It is located adjacent to the Mutton Cove Conservation Reserve to the east, the Outer Harbor rail corridor to the west, and the Pelican Point Power Station to the north. Delivery of the development-ready land for the northern Lefevre Peninsula will support the generation of further economic benefits for this state in what is an important industrial land region. The serviced land provides the potential to consolidate further support industries engaged in the air warfare destroyer program at Techport and provides large-scale general industry opportunities not previously available in the northern Lefevre Peninsula. Economic impact analysis undertaken in October 2007 by the Department of Trade and Economic Development indicates that the development of the state's industrial landholdings on the northern Lefevre Peninsula over a 15-year period would contribute approximately $1.069 billion to the gross state product and sustain an average of almost 2,000 jobs statewide. Land will be released in two stages, with stage 1 expected to generate sales revenue of around $27.709 million over three years. Subject to successful sales during this period, stage 2 construction is expected to commence in the 2014-15 year, and generate further sales revenue of an expected $21.172 million over a two-year cycle of the 2015-16 and 2016-17 years, marking the completion of the project. Net sales proceeds—that is, sale price less sale costs—will be returned to the government. Based on the evidence considered and pursuant to section 12C of the Parliamentary Committees Act 1991, the Public Works Committee reports to parliament that it recommends the project proceed. Mr PENGILLY House of Assembly Finniss Mr PENGILLY (Finniss) (11:19): Ma'am, we support the motion. Motion carried.