The Turnbull Government will invest $100 million in Navy related industrial infrastructure and sustainment in Western Australia between 2017 and 2020.

The investment in shipbuilding production lines and facilities, including wharves, jetties and cranes, will occur on both Defence Estate, particularly HMAS Stirling (Fleet Base West), and at the Henderson industrial precinct.

This will position the Henderson Shipyard to remain a world class and internationally competitive facility for many decades to come.

Good morning, and to all the visitors welcome to Sydney. It was a beautiful ride in this morning on the ferry, best $5.70 you could spend.

So, thank you Jennifer. The Honourable Francois-Philippe Champagne, Minister of International Trade, the Right Honourable Stephen Harper, welcome Stephen, former Prime Minister of Canada. His Excellency Tony Negus, the Australian High Commissioner to Canada. His Excellency Paul Maddison, Canadian High Commissioner to Australia

The Australian Renewable Energy Agency (ARENA) is finalising a $450,000 grant to EnergyAustralia to develop a pumped hydro energy storage project in the Upper Spencer Gulf, South Australia.

EnergyAustralia Managing Director Catherine Tanna today briefed the Government’s Energy Committee of Cabinet on the project - one of a range of emerging cost-effective technologies that can help deliver security and stability in the electricity grid. 

PRIME MINISTER:

Welcome to the Energy Committee of the Cabinet and welcome, Cath Tanna, CEO of Energy Australia.

We know that there is nothing more important than ensuring that Australian households can afford to pay their bills and Australian businesses can employ and invest than having affordable and reliable energy.

We’ve seen in South Australia what happens when you have unaffordable and unreliable energy –the most expensive and least reliable electricity in Australia.

HAIDI LUN:
The Prime Minister joins us exclusively here on set at Bloomberg. Prime Minister it’s a pleasure to have you on.

PRIME MINISTER:
Great to be with you.

HAIDI LUN:
I want to start by talking about investing in Australia’s future economy. Because the Reserve Bank and the IMF have called on the Government to borrow more ‘good debt’ essentially, to invest in infrastructure. But there’s been a real reluctance. I understand you want to keep that AAA rating, but –

PRIME MINISTER:
Prime Minister, Lucy and I were delighted to welcome you and Sara to Australia. Not your first visit, your second, but your first as Prime Minister of Israel and the first visit by a Prime Minister of Israel in office. We are delighted to have you here.

We have a lot to discuss. Our two nations have so much shared history. From the charge of the Light Brigade of Beersheba, 100 years ago –

PRIME MINISTER OF THE STATE OF ISRAEL:
On the dot.

PRIME MINISTER:

Welcome Bibi, Prime Minister. Lucy and I were delighted to welcome you and Sara to Australia today. Israel and Australia are very good, strong friends. From the charge of the Australian Light Horse Brigade in Beersheba 100 years ago, to the foundation of the state of Israel and the United Nations, to today, with a deep engagement in everything we canvassed, those areas of cooperation and engagement in our meeting.

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