The Premier, Lara Giddings, today welcomed the Hobart City Council's approval of a new multi-million dollar pier for the city.

"The Hobart waterfront is one of the most beautiful in the world, and an iconic asset for our island state," she said.

"This development is a clear example of the three tiers of Government working with the community and developers to progress this significant work for the area.

"The Hobart waterfront is on the verge of one of the most exciting transformations in it's history.

Projects either underway or soon to begin in the capital include:

 - the Institute of Marine and Antarctic Studies; 

- The Menzies Research Institute;  

- The Myer Redevelopment; 

- Macquarie Wharf 2 

- $50 million to prepare the Macquarie Point rail yards for commercial development.

 - The new Royal Hobart Hospital

 

"This pipeline of investment is a sign of confidence in our economy and will create new jobs in the construction sector.

"I welcome comments from the Hobart Lord Mayor Damon Thomas that the development approval process was handled in an efficient and timely manner.

The project was lodged for approval on 30 April and was been approved in less than two months.

"This is a clear example of all levels of government working together to ensure the swift and thorough consideration of development."

Ms Giddings said she agreed with Alderman Thomas that claims developments took too long to approve were incorrect.

"I agree with Alderman Thomas that the effective manner in which this development assessed should 'put paid to the scaremongering that goes on about the amount of council decisions and planning matters that are delayed around Tasmania'," she said.

"I congratulate the Hobart City Council for their work in assessing this development, and look forward to seeing the exciting new development come to fruition."