The Tasmanian Government will become a shareholder in TasWater, with legislation for the allowance passing the final stages of State Government.
This follows council owners voting overwhelmingly in September to allow a Memorandum of Understanding with the Government to take effect.
TasWater welcomes this final stage of the parliamentary process and looks forward to seeing the benefits of the model starting to flow for its customers and the state’s economy.
“The $200 million equity injection from the government will ensure we can keep price increases to a minimum for our customers,” TasWater Chairman, Miles Hampton, said.
“It will also allow some acceleration of our capital program to improve water and sewerage services across the state.
“I am pleased that both houses of parliament have supported this new ownership model and I thank all parliamentary members for their diligence in ensuring the best possible outcome for Tasmanians.
“We also look forward to continuing our recent collaboration with the government to progress a number of major projects that were not part of our capital program, such as the relocation of the Macquarie Point Sewage Treatment Plant and upgrades to the Launceston Combined Stormwater and Sewerage System.”
The new TasWater ownership structure is expected to be in place by the start of 2019.
Lauren ‘LJ’ Butler is the Assistant Editor of Utility magazine and has been part of the team at Monkey Media since 2018.
After completing a Bachelor of Media, Communications and Professional Writing at the University of Wollongong in 2014, and prior to writing about the utility sector, LJ worked as a Journalist and Sub Editor across the horticulture, hardware, power equipment, construction and accommodation industries with publishers such as Glenvale Publications, Multimedia Publishing and Bean Media Group.