Hobart gets $730 million to ease traffic

Australia Business

Hobart and its surrounds will get $730 million in total federal, state and council funding to help ease traffic congestion.

The centrepiece of Saturday’s funding announcement, as part of a soon-to-be announced City Deal, is $576 million for a long-awaited replacement bridge at Bridgewater, north of the Tasmanian capital.

“Hobart suffers congestion at times, just like other cities,” Cities Minister Alan Tudge said.

“Hobart is also growing and we want to eliminate those local, frustrating pinch-points but also future-proof the wider network for the next generations.”

The move comes ahead of the signing of the Hobart City Deal on Sunday, and after $30 million for affordable housing was announced on Friday.

Other investments include an extra lane on Hobart’s southern outlet, a Derwent River ferry service and a modernisation of the public transport system.

A “transit corridor’ is also in the works for Hobart’s northern suburbs.

“A greater diversity of housing solutions will be encouraged along the corridor,” Tasmanian Attorney-General Elise Archer said.

“This will support the future delivery of the most effective public transport solution, while also reducing congestion.”

Canberra is chipping in $486 million of the total funds, the state Liberal government $221 million and councils $23 million.

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