12 November, 2020
Peter Gutwein MP
2020-21 Budget: Delivering Tasmania’s largest and most significant infrastructure program
The 2020-21 State Budget is about jobs, confidence and the community, and over the next four years the Tasmanian Liberal Government will invest in a landmark $5 billion infrastructure program.
This is the largest and most significant infrastructure program in the State’s history and will provide the economic platform to create jobs and provide the certainty and confidence to rebuild Tasmania.
Over the Budget and Forward Estimates, this investment includes $4.1 billion in the General Government sector and an investment of nearly $800 million through our government businesses. A record $1 billion of infrastructure investment is budgeted for this year alone.
Across the next four years, this landmark infrastructure package will support around 6,000 jobs annually, and a total of around 25,000 jobs.
Our program invests a record $2.4 billion into building better roads and bridges. It drives the delivery of intergenerational assets like the Sorell and Midway Point Causeways, the new Bridgewater Bridge, and the Midland, West Tamar and Bass Highway upgrades.
We’re building education, health, justice and correctional facilities and providing $160 million for TasWater to continue accelerating its infrastructure pipeline around the State. $218 million will go towards our commitment to replace the TT-Line vessels, as we continue to maximise Tasmanian jobs.
This Budget builds the intergenerational infrastructure our communities need; backs Tasmanian business; supports their recovery and growth; and creates more jobs for Tasmanians.