Arthur Sinodinos (NSW, Liberal Party, Minister for Industry, Innovation and Science) Share this | Hansard source

The $168 million ANSTO Nuclear Medicine Project continues to make good progress with the construction of the facility now essentially complete. It is now in the final fit-out and testing stage. ANSTO expects the facility to commence operations by the end of the year. Once it reaches full production, it will supply up to 25 per cent of the world's nuclear medicines.

The government's announcement last year of a 10-year $520 million investment in sustainable funding for the Synchrotron has secured the future of this landmark research facility. The proposed ANSTO innovation precinct to be located at Lucas Heights campus will also break new ground in the nuclear medicine space. It will crowd high-tech companies and STEM graduates around Australia's centre of nuclear expertise. It will include the first nuclear science and technology incubator in the world. This will become the home of collaboration and entrepreneurship at ANSTO.