One aspect that was raised by Minister Robb at the meeting was that the World is currently awash with funds, and nervous international investors are looking to Australia as ‘safe investment haven for projects in the $100M range. Minister Robb also pointed out that this is the right time for State Governments to take advantage of the Commonwealth’s ‘Asset Re-cycling Policy’ to gain the 15% bonus provided by the Federal Government to re-invest in new infrastructure projects. Public Private Partnerships can then potentially attract international investment funds to help pay for the new infrastructure projects.
Maree Tetlow, Executive officer at the Launceston Chamber of Commerce, said that “feedback from the members at the meeting indicated an interest for the State Government to consider the sale of some State owned assets to allow for the re-investment into much needed infrastructure projects in Northern Tasmania.”
Ms Tetlow continued with “the meeting referred to the success of Premier Mike Baird in NSW to convince his electorate that the sale of NSW assets will help ‘kick-start’ some major infrastructure projects that are badly needed in NSW, should be encouragement for our State Government to at least discuss the potential of the sale of some of our assets in Tasmania, for example, Hydro Tasmania, Tasnetworks and Bell Bay Port.