The South Australian Government has completed key milestones for the Techport Australia Common User Facility (CUF).

South Australian Premier Mike Rann earlier announced that work associated with the CUF is now more than 80 percent complete, with practical completion achieved on the wharf, dry berth and transfer system.

The CUF is part of the government’s A$300 million (US$213.11 million) investment in the Techport Australia precinct at Osborne. Australian naval defence company ASC (formerly Australian Submarine Corporation) will also pour US$71.04 million into its own shipyard which is located adjacent to the CUF.

“Together these two facilities form one of the most modern naval shipbuilding precincts anywhere in the world,” said ASC Managing Director Greg Tunny.

ASC is Australia’s last remaining Australian-owned defence contractor.