WATCH: New Singapore deal is ‘incredibly significant’ for CQ
AUSTRALIA'S Defence Minister Marise Payne described the Singapore deal as incredibly significant for Capricornia with the new infrastructure around Shoalwater Bay to be used jointly by them and Australian forces.
She said the overall plan would see Shoalwater Bay and military precincts near Townsville become the centre of Singapore training.
Retired Trade Minister and trade envoy Andrew Robb said Rockhampton/ Shoalwater Bay and Townville would each see up to $1billion spent in each area - making the deal worth nearly $2 billion in defence activity.
Mr Robb said Singapore was keen to establish a closer strategic relationship with Australia - similar to what we already have with New Zealand.
On top of this a free trade arrangement is being set in place that will benefit Australian industries and the two countries will also join forces in CSIRO-related research fields to complement scientific research in Northern Australia.
Ms Landry said further to this the Federal Government will set up an Austrade arm with Singapore to support the development of trade and investment in the north.
"If industries have investment opportunities, Austrade can help them develop ties with Singapore that may lead to new and profitable exports, including here in Central Queensland," Ms Landry said.
Ms Landry added she hoped the deal would also help the expansion of Rockhampton airport.