The Minister for Economic Development, David O'Byrne, today announced more progress in giving the Hobart railyards an exciting new future.

In June, the Federal Government provided $50 million to remediate the 8.4 hectare site for future development.

Today, the Macquarie Point Development Project Steering Committee has been announced, with six members appointed.

The six committee members appointed by State Cabinet are: 

• Mr Philip Clark AM (Chairman)

• Ms Elizabeth Jack (General Manager, Macquarie Point Development Project) - Tasmanian Government representative.

• Mr Damien White

• Mr Alan Morgan

• Ms Dorte Ekelund - Commonwealth Government nominee.

• Mrs Irene Duckett

Further professional information about the six committee members can be found on the Department of Economic Development, Tourism and the Arts' website, at www.development.tas.gov.au/macquariepoint.

Mr O'Byrne said the remediation and subsequent redevelopment of Hobart's railyards is a once-in-a-generation opportunity for the Tasmanian community.

"This is a big inner-city site with massive economic, social and cultural potential," Mr O'Byrne said.

"Its redevelopment will be close to the hearts of many Tasmanians. The experienced professionals appointed today will lead the conversation about how to best prepare the site for future use, and determining what those uses might be.

"The committee members bring a wide range of expertise - including infrastructure planning and development, policy and legislation, urban design, and corporate governance.

"Today's appointments give Tasmanians - including stakeholders - a direct and convenient opportunity to have a say about what this site should offer and look like in coming years," he said.

Establishing a Public Non-Financial Corporation (PNFC) to oversee the railyards project was a key condition of the Commonwealth's $50-million remediation funding package.

The steering committee has been set up as an interim measure, until the PNFC is in place. Its duties include:

• Consulting with the Tasmanian community about future development options.

• Assessing the appropriateness of redevelopment options for the Brooke Street Pier.

• Developing legislation to establish the PNFC to oversee the project.

• Addressing any other matters that arise in delivering the project until such time as the PNFC is operational.

The sitting fees for the positions are $16,000 per annum (pro rata) for the Chairman, and $8,000 per annum (pro rata) for members. However, as existing Tasmanian or Commonwealth public servants and / or Government Business Enterprise employees, four of the six members will not receive sitting fees.

The steering committee is expected to meet monthly.