The Tasmanian Chamber of Commerce and Industry says financing Marinus Link Stage 1, will help deliver a whole‑of‑economy boost that will underpin business confidence, support thousands of jobs across the supply chain and help moderate power prices for households and employers.
TCCI Chief Executive Michael Bailey said the final investment decision and financial close give certainty to suppliers and contractors, with activity expected to create work for civil contractors, manufacturers, transport and logistics firms, professional services and the training system.
“Energy costs are a frontline issue for our members. The project’s financing package, anchored by CEFC concessional debt alongside low‑return equity from the three shareholder governments, is structured to reduce costs compared with alternative financing,” Mr Bailey said.
“That matters for retailers, cafes, cold‑stores, data‑driven businesses and major industry alike.”
TCCI also highlighted wider productivity benefits from the project’s fibre‑optic component, which is designed to significantly expand data capacity between Tasmania and the mainland, supporting digital businesses, redundancy for critical services and the state’s growing tech ecosystem.
“Getting on with Marinus is a practical step toward cheaper, cleaner and more reliable power. It underwrites private investment decisions, helps keep our manufacturers competitive and strengthens Tasmania’s reputation as a great place to build and grow a business,” Mr Bailey said.
