Monday 19th Nov, 2018

Hidding trumpets Tasports revival


A $4.8m profit from Tasports has prompted a bullish response from infrastructure minister Rene Hidding who has argued it is evidence of a revival in state-owned companies.

Mr Hidding said the government came to office in 2014 with a commitment to fix struggling state-owned companies and the 2016-17 TasPorts Annual Report “confirms we are delivering”.

The profit of $4.8m for 2016/17 – was more than triple the previous year’s result.

The minister said it was great news as “profitable, dividend-paying state owned companies were an unqualified benefit”.

“The Annual Report also confirmed Tasmanian exports continue to surge ahead with freight volume at their highest level since 2009, increasing 3.6% on the previous year,” Mr Hidding said.

“Additionally, woodchip exports have increased a further 21% as the purchase of the Burnie Chip Export Terminal in 2014 once again proves to be a driving force behind the continued boom.”

Mr Hidding said the report showed the crucial role of partnerships, such as:

  • TasPorts and Australian stevedore, Qube Ports, with a joint venture to establish a log export terminal at Hobart’
  • Maersk Line bringing a weekly container service into Bell Bay.

“I congratulate the Board, management and employees of TasPorts for another year of outstanding results in 2016-17,” Mr Hidding said.

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