Progress on Parliament Square Project

Source: State of Tasmania Government

17 February 2020

Peter Gutwein, Premier

The Tasmanian majority Liberal Government is continuing to work strategically to drive greater investment into job creating infrastructure and boost our tourism economy.

Part of our plan to keep up with growing visitor demand is the Parliament Square project, providing $150 million worth of activity for the construction industry.

The project includes a 152 room Marriott hotel, which is on track to be completed later this year. Once operational, the Marriott hotel is expected to create around 100 direct and indirect jobs, helping us achieve our target of creating 10,000 more jobs over the next 4 years.

The state has a strong pipeline of hotel projects worth over $1.5 billion, with nearly $272 million of these currently under construction.

In the Hobart CBD alone, there are over 1,000 rooms under construction, with around 800 rooms on track to be completed in 2020.

The regions are also seeing the benefit of this investment with 162 new rooms opening in Launceston over the past year. This will encourage the dispersal of our strong visitor economy in Tasmania’s regions, with visitors seeing more of our state, staying longer and spending more while they’re here.

The Tasmanian majority Liberal Government is delivering its long term plan which has taken the Tasmanian economy from strength to strength, creating 20,000 new jobs and nation-leading business confidence.