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Australia Unveils A$83 Million Budget For 2010 Expo
2009. 21 October
(nasdaq.com) The Australian Government has set an A$83 million budget for the Shanghai World Expo in 2010, with A$50 million being spent on the temporary national pavilion at the site, Trade Minister Simon Crean said Wednesday.
Up to 80 million people are expected to visit the expo between May and October next year, with 192 countries thus far committed to participate.
These figures, along with China's significant transition, which is driving growth at the fastest pace of any major economy, means Australia can't afford not to be part of the expo, Crean said in formally unveiling the pavilion, which is now being fitted out internally.
"The scale of our participation reflects the Government's intention to take full advantage of this opportunity to promote increased trade and two-way investment and to help Australian companies grab market share in China," he said in a statement.
The pavilion is being built by Bovis Lend Lease and will host an array of exhibitions, a targeted program of over 200 business events, and a diverse cultural program of daily performances, Crean said.
-By Ray Brindal, Dow Jones Newswires; 612-6208-0902; firstname.lastname@example.orgSource: www.nasdaq.com