TASCORP – Glamorgan-Spring Bay Council Borrowings
What is the current interest to operating revenue ratio for Glamorgan-Spring Bay Council?
What is the current interest to operating revenue ratio for Glamorgan-Spring Bay Council?
Full transcript of the Tasmanian Public Finance Corporation hearings in the 2019 Government Businesses Scrutiny Committee.
Treasurer Peter Gutwein refused to rule out committing further public funding to bail out the now-precarious Twamley Dam.
Water on the east coast is scarce and very precious. Regional climate heating models tell us it will continue to dry.
The Treasurer approved the $4 million loan in 2017, before EPBC Act approvals needed to build the Twamley Dam had been granted.
In 2016 the Treasurer signed a $4 million Tascorp loan to the Glamorgan Spring Bay Council to construct the Prosser water pipeline.
The Glamorgan Spring Bay Council could never afford to build the Twamley Dam.
Today construction is starting on a pipeline along the Prosser River as part of Tassal's bid to get water for their east coast salmon expansion.