The City of Hobart welcomes the $240 million funding agreement between the Australian and Tasmanian Governments for the urban redevelopment of Macquarie Point, which includes an urgently needed upgrade to Macquarie Wharf.
This significant investment, outlined in the Australian Government’s Budget released last week, will commence in 2025-26 and span three years.
“We are thrilled to see the long-awaited upgrades to the Macquarie Wharf included in this agreement,” Hobart Lord Mayor Anna Reynolds said.
“The redevelopment of the wharf is crucial for future proofing the logistical capabilities of the Hobart Port, ensuring it meets the needs of our vital Antarctic sector.”
The enhancements to Macquarie Wharf are key to maintaining Hobart’s role as the home port for the RSV Nuyina and numerous visiting international icebreakers and research vessels.
This sector is not only a cornerstone of our city’s identity but also a significant economic contributor, providing 1000 local jobs and injecting $183 million into the local economy annually.
“We have long lobbied for these upgrades, and it is pleasing to see our efforts come to fruition,” Cr Reynolds said.
“We look forward to further updates from the Tasmanian Government on this important project and its positive impact on our community.”
