Scrutiny of Burnie mill subsidy timing

Wednesday 7 Feb 2018

 
Tasmanian election: Timing of Liberals' north-west mill deal under scrutiny - The Tasmanian Liberals have defended their decision to approve a $13 million forestry grant in their final days of government and announce it on the state election campaign trail.

The Liberal Government signed a deal last week providing the Victorian timber company Hermal Group with $13 million, plus a $30 million loan, to build its new hardwood mill in Burnie.

The mill will process plantation timber supplied by Forico and turn it into cross- laminated panels, commonly used in the construction industry.

Hermal expects the mill to be operational by 2020, creating 160 jobs in construction and more than 200 jobs in operation.

Premier Will Hodgman said the Government was keen to secure the economic benefits of the $190 million project before entering caretaker mode last Sunday.

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Source: ABC News


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