Tasmania – AAA rating and Infrastructure Strategy
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The Tasmanian Government yesterday made two significant announcements concerning the state’s finances and future infrastructure development.
Firstly, Moody’s Investor Service retained Tasmania’s AAA credit rating.
Next, Premier David Bartlett launched a 10 year Infrastructure Strategy representing $6billion worth of investment.
The strategy does not include funding for specific projects but will be used as a blueprint to direct investment in transport, telecommunications, energy and water. Examples of possible projects include development of irrigation schemes, renewable energy and smart grids.
A Tasmanian election is expected for 20 March – Premier Bartlett is expected to officially call the election in the coming days.