South Australia is backing its declaration as Australia’s first ‘Smart City’ with $2.9 million to expand its ultra-high speed internet network program, Gig City.

Announced in the state’s budget this week, SA Treasurer Tom Koutsantonis said the upgrade will competitively position the state for global investment, economic development and jobs growth in new industries.

“Taking affordable gigabit connection to more locations will ensure innovative and technology-advance companies can thrive in our affordable and vibrant state,” said Koutsantonis.

Boasting a roll-out speed of up to 100 times faster than the current national average, and 10 times the download speed of the NBN, Gig City is putting the state at the forefront of next-generation broadband services.

This program targets 14 identifies innovation precincts in the Adelaide city area and surrounding suburbs.

Under the expansion, the network is being made available at 1 gigabit per second, and at 10 gigabits per second if the precincts invest in additional technology.

“Importantly, it gives us a competitive advantage over other Australian locations, enabling us to attract and retain young talent,” said Koutsantonis.

This roll-out is additional to the State Government’s 2016-17 $4.65 million budget covering fast internet speed over four years, and in addition to the $2.5 million over three years reserved to support its commitment to innovation.

SA Science and Information Economy Minister Kyam Maher said the new investment to expand Gig City will enable South Australia to build on its capabilities across 3D printing, automation and robotics, remote sensing technologies and the Internet of Things.

“Gig City will help our setate’s entrepreneurs and technology intensive companies to further engage in the global digital economy, delivering business growth and new jobs of the future,” said Maher.