Today’s announcement by the Prime Minister that a re-elected Liberal Government will invest $50 million as part of a $400 million expansion at Nyrstar in Hobart is great news for Braddon.
My plan for Braddon is to build a strong economy for a stronger future and this project will deliver huge benefits to the region.
Each year, Nyrstar spends around $11 million in Braddon. Most of that goes to buying raw materials from the Hellyer and Rosebery mines. By investing in Nyrstar, we are creating a stronger future for the West Coast and supporting hundreds of jobs in Braddon.
The project will help increase production by up to 30 per cent, which will see Nyrstar spend even more in Braddon as it scales up activity.
Nyrstar also exports all of its finished metal products through the Port of Burnie, so supporting this vital upgrade will also support the Port.
This is all part of our plan to create 26,000 new jobs in Tasmania to ensure we have a strong economy and a stronger future for Tasmania.
Only the Liberals can deliver these fundamental initiatives to strengthen our economy. Labor has no plan for our economy, other than to do another deal with the Greens and sell out jobs.