The Federal Government has announced a $50 million agreement with the Tasmanian Government for the rejuvenation of the Macquarie Point Railyards in Hobart.

 

The remediation of the 8.4 hectare just outside of the city’s CBD will see redevelopment of the Brooke St Pier support structure is another key component of this project. The redeveloped Pier will be important for future vessel berthing as well as local ferry and cruise services.

 

“It is rare for such a large public space to present itself in the heart of an established CBD and our priority is to make the very best use of this natural asset, so that it benefits the local community and visitors to this great city,” Federal Minister for Infrastructure Anthony Albanese said.

 

The $50 million funding agreement follows a recent grant from our Liveable Cities program to help fund the necessary planning groundwork.