Launched in 2018, the Landair project is the latest development to be funded by the Federal Government.
The project will include four townships of up to 10,000 people in South Australian and Northern Territory.
Landair CEO Nick McInerney says it will provide employment, housing and economic opportunity for hundreds of thousands of people.
“I think that’s what’s really exciting about this project is that we’re able to really connect with people in the community,” he said.
“It will be a huge boost for our economy.”
The project is also expected to create approximately 250 jobs, with more than 30 in South Adelaide.
Mr McInverney says he’s been involved in land development in South Africa for a number of years.
“This project is a huge opportunity for South Africa, because it’s such an important piece of our infrastructure,” he says.
“Our infrastructure is ageing, and there’s a lot of work being done in South African infrastructure to maintain the country’s infrastructure.”
“We’ve got an incredible amount of infrastructure in South and the Northern Territory that is ageing.
This is a great opportunity for us to really put it to good use.”
Mr McIngerney and his team hope to get the project off the ground by early 2021.
Mr McMurray says the project will create a significant amount of employment, and the town’s population is expected to grow by 50 per cent.
The land is slated to be developed by Landair and South Australian developer, EMC, with an estimated cost of $20 million.
More to come.