New Hobart Marina

Sail World (2011-11-16 15:25:00)

'This $3m investment is another sign of growing confidence and prosperity in the Tasmanian economy,' Giddings said in a statement. 'Private capital investment has been growing for five consecutive quarters, with more than $4bn invested in the past year. The project will have positive flow-on effects for the Prince of Whales Bay area, including existing businesses.'

Giddings said that the marina is near boat refit and maintenance services, and that a Derwent Maritime Industrial Sites Master Plan is currently under development.

'There has been significant growth in the recreational boating market and a clear trend in boat owners moving their boats to marinas,' said Giddings. 'This has led to a shortage of quality marina berths in southern Tasmania, with waiting lists at all existing facilities – this project will help fill a gap in the marina market.'

Stage one of the marina is due for completion in December 2011 and the marina is expected to be complete by March 2012.

Prince of Wales Bay is located on the western shore of the Derwent River. The area is home to two public parks, Giblin Reserve and Prince of Wales Bay Reserve. It is also the location of Catamaran construction company Incat.

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