, was a proposed two-way 1500 megawatt undersea interconnector between the Apple Isle and the mainland, which was expected to cost $3.1 to $3.8 billion.
As part of the deal, the federal government's share will rise to 49 per cent, and Victoria will have a 33.3 per cent stake, with 80 per cent of the project's funding sourced via a concessional loan from the Commonwealth’s Clean Energy Finance Corporation. “That’s absolute rubbish, there’s about 10 jobs…that’s fanciful to suggest there’s that many jobs," he told ABC Radio Hobart on Monday morning.
"We're a small supplier, Victoria will have huge demand...when we connect Marinus Link with the Bass Link, the end result will be that Victorian prices will drive the prices up down here in Tasmania," he told ABC Radio Hobart on Monday morning. The first cable - set to be operational by 2028 - is expected to deliver $1.8 billion of economic activity for Tasmania, and about $8 billion in benefits to the National Electricity Market.