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Mitsubishi’s former car assembly site in Adelaide, Tonsley Park, is to be redeveloped into an advanced hub supporting the manufacturing, retail and residential sectors as part of a new $253 million initiative by the South Australian Government.

The State Government’s 20-year project aims to transform the site, where various Chryslers and Mitsubishis had been produced since 1964 before production ceased in February 2008, into a centre for high-value industry and innovative manufacturing companies, creating 6300 jobs along the way.

Together with $1 billion in private investment the plan to bring together industry and education includes refurbishing the main assembly plant to create a new town centre with retail outlets, a localised green electricity network and accommodation for 1500 new residents all by 2031.

Manufacturing, Innovation and Trade Minister Tom Koustantonis said a substantial amount of this investment would be off-set by land sales and rental income. “This means the net cost to State Government during the life of this project is forecast to be about $77 million.”

Premier Jay Weatherill said, “Tonsley Park will be retained as a pillar of the State’s manufacturing industry – more than half a century since Chrysler Australia opened there in 1956.”

Work has already begun on the main assembly plant in preparation for the construction of the planned Sustainable Industries Education Centre.

After acquiring the Tonsley Park site from Chrysler in 1980, Mitsubishi produced the Sigma, Colt, Magna and finally the 380.