News

Marinus Ownership Deal Signed To Connect Tasmania To Victoria

A landmark ownership deal has been signed between the Victorian, Tasmanian and Federal governments, connecting the two states with a Marinus Link cable.

Marinus Link is an underground and undersea electricity cable, and stage one is expected to cost in the range of $3 billion to $3.3 billion and be operational by 2030.

Stay up-to-date on the latest news with The Tasmania Briefing – keeping you in the loop with news as it hits:

According to the new tripartite ownership deal, Commonwealth has an equity share of 49 per cent, Victoria 33.3 per cent and Tasmania 17.7 per cent.

Last year Victoria’s energy minister, Lily D’Ambrosio, said new transmission cables would have “a critical role in powering Victorian homes and businesses with renewable energy as our ageing coal-fired generators close”.

The project aims to deliver reliable and low-cost renewable energy to households in Victoria, Tasmania and the wider Australian electricity market.

Subscribe to The Briefing, Australia’s fastest-growing news podcast on LiSTNR today. The Briefing serves up the latest news and deep dives on topics affecting you, all in under 20 minutes.

Jade Murray

Recent Posts

MG Weighs-In On Josh Addo-Carr’s Sacking & The Bombshell Tyrell May News

Triple M's Mark Geyer has called on Josh Addo-Carr to phone Storm supercoach Craig Bellamy…

2 hours ago

Sydney on track to run out of landfill space by 2030

The New South Wales Government has warned Greater Sydney is on the brink of a…

2 hours ago

Billy’s Fatty Joke

Billy wheeled out a self-deprecating joke to the applause of Lehmo! BILLY'S JOKE: A nice…

17 hours ago

From King Gutho To Saint Gutho

From a King to a Saint, Clint Gutherson is set to wear the Red V…

17 hours ago

Door Open For Ben Hunt After Tanah Boyd Leaves Gold Coast Titans?

Gold Coast Titans have parted ways with halfback Tanah Boyd who has inked a two-year…

17 hours ago

3 Murder cover-up stories to listen to this hallo-weekend

If you like true crime podcasts, murder stories, or the complex investigations that follow -…

18 hours ago