Marinus Link Project Update

The Tasmanian Government welcomes the announcement by Marinus Link Pty Ltd that a new major contract has been signed with Prysmian PowerLink to design, manufacture, supply and installation for Stage 1 of the Marinus Link.

It is a key step towards the delivery of Marinus Link, a central feature of the Government’s 2030 Strong Plan for Tasmania’s Future, will result in lower electricity prices from unlocking new generation both in Tasmania and on the mainland.

Importantly, Marinus will unlock over $1.3 billion in economic activity and 1,400 jobs in Tasmania.

Minister for Energy and Renewables, Nick Duigan, said Marinus Link is expected to create significant employment and economic stimulus in Tasmania during construction phase.

“The Tasmanian Government was comforted by the fact contracts for the cable and converter station have been locked in and the commitment from Marinus Link that the construction schedule, and the expected completion date of 2030, are unchanged,” Minister Duigan said.

“The Marinus Link Pty Ltd Board has also now advised that the Final Investment Decision (FID) is now proposed for May 2025. 

“We have always said will only support this project going ahead if the benefits for Tasmania stack up and the best way to ensure a sound decision is made in Tasmania’s interest, is to ensure Marinus Link Pty Ltd presents robust and comprehensive information to enable confidence in a final decision.

As the Tasmanian Government has already committed, a whole-of-state business case will be prepared and released publicly before FID. 

Marinus Link Pty Ltd is owned by the Australian, Victorian and Tasmanian governments and is responsible for progressing the Marinus Link interconnector project.