PM announces Marinus Link as critical project

September 16th, 2020

Category: News

From Lance Balcombe, TasNetworks CEO.
TasNetworks welcomes the announcement by the Australian Government that it will work with state governments to accelerate Marinus Link as part of a $250 million program.
TasNetworks’ CEO Lance Balcombe welcomed the announcement of Marinus Link as one of three critical projects that would be accelerated under the program.
“We see the Project as being a key catalyst for jobs, and training opportunities as well as economic investment, particularly in regional Tasmania and Victoria”, Mr Balcombe said.
“The project will create approximately 1,400 direct and indirect jobs in Tasmania and 1,400 jobs in Victoria during peak construction.”
Construction of Marinus Link and the supporting North West Transmission Developments are estimated to add $1.4 billion value to the Tasmanian economy and $1.5 billion to the Victorian economy.
Marinus Link will unlock further investment opportunities in Tasmania, including Hydro Tasmania’s Battery of the Nation initiative and other renewable projects, such as wind and solar farms.
“Marinus Link and the supporting transmission developments will create the opportunity to further develop Tasmania’s renewable energy resources, all together worth an estimated $7.1 billion and thousands of jobs.”
“Marinus Link also supports Australia’s transition of the energy system and provides benefits to the entire National Electricity Market by enabling delivery of low-cost and clean energy.”
“We look forward to working with our State and Government authorities, industry, business and the community as we progress important work as part of the design and approvals phase of the project,” Mr Balcombe said.


Contact Josh Bradshaw – 0437145862

END

no comments

Supplementary Analysis Report released for Marinus

Today TasNetworks released the Marinus Link RIT-T Supplementary Analysis Report, the latest report in the Regulatory Investment…
read more

TasNetworks submits EPBCA referral for Staverton to Hampshire Hills Transmission Line

TasNetworks has submitted a referral under the Environmental Protection, Biodiversity and Conservation Act 1999 (EPBC Act)…
read more

Marinus Link project to share in $250 million in interconnector project funding

MEDIA RELEASE From Lance Balcombe, TasNetworks CEO TasNetworks welcomed the inclusion of Project Marinus as one…
read more