Great outcome for Tasmania on IA Priority List with record infrastructure investment leading our recovery

Tasmania’s post-COVID recovery and economic future continues to build with the latest Tasmanian Infrastructure Pipeline forecasting $17.4 billion in planned public economic and social infrastructure investment over the next 10 years.

The Tasmanian Infrastructure Pipeline maps out the longer-term plans for the provision or upgrading of important public building projects including roads, schools, hospitals, bridges and irrigation networks.

This includes our unprecedented $5 billion

infrastructure program across the next four years that will support around 25,000 jobs, meaning more income for Tasmanian families, and more money in our local communities.

This year’s pipeline also includes the $401 million 2020-21 Federal Budget investment in Tasmania’s roads and the additional $34.3 million Australian Government COVID-19 stimulus investment in shovel-ready infrastructure projects, road safety upgrades and state road network enhancements.

Other key investments include:

• $150 million for social and affordable housing initiatives
• $100 million for community infrastructure projects
• $70 million for critical maintenance of public buildings and publicly owned assets
• $55 million for road safety and irrigation infrastructure works
• $42 million for essential services infrastructure projects, and
• $10.5 million for education and skills infrastructure.

This investment will reach every corner of our State, with the Pipeline setting a clear blueprint of where funding and resources, including our locally skilled workforce, will need to be directed over the next decade.

Importantly, I welcome the release of Infrastructure Australia’s latest Priority List which has seen both the $137 million Hobart Port Precinct and $119 million Port of Burnie capacity improvement projects included for the first time.

These projects join the Hobart Science and Technology Precinct and UTas Northern Transformation Program on the list as Priority Projects due to the work we have been doing on progressing our own infrastructure pipeline.

We know that careful investment in key infrastructure is a guaranteed job maker, especially in tough economic times, and it is one of the most effective ways to re-boot our economy.

The 2021 Tasmanian Infrastructure Pipeline is available from Infrastructure Tasmania’s website.