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Industry News, Latest News, Projects, Tasmania

Tasmania to supercharge economy with $3.1B construction blitz

The Tasmanian Government aims to “supercharge” its economy with a $3.1 billion construction blitz, expected to support up to 15,000 jobs.

It will build on the State Government’s current infrastructure package of $1.8 billion and will support an estimated construction value of $3.1 billion over the next two years.

The construction blitz will bring forward government expenditure, stimulate investment and create thousands of jobs.

The centrepiece of the package will see 2300 new dwellings built, including social and affordable houses across the state. It will also secure and fast-track projects across community infrastructure, roads, irrigation and essential infrastructure.

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Tasmanian Premier Peter Gutwein said in a release that COVID-19 has been the biggest health, economic and societal shock to hit Tasmania in a century.

“The good news is, thanks to the hard work and sacrifices made by Tasmanians, we now have the virus under a measure of control, making our island state the envy of the world,” he said.

“Now, we face the second and arguably tougher phase of this fight – to reboot our economy, while avoiding a deadly second wave of the virus.

“This will not be easy. Measures to manage the virus will mean business will need to find new ways to do old things, to stay profitable and employ their fellow Tasmanians in a COVID-Safe environment, and we will work closely with them to achieve that.”

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