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Over a thousand jobs will be created directly, and indirectly, through a new project in one area, according to Regional Australia minister, Simon Crean.
Funding of $84 million has now been secured for Tasmania’s Boyer Mill, which will create 330 direct jobs, 100 jobs in the construction phase and 900 indirect jobs, Mr Crean noted.
"The ramifications for not supporting this project could have been dire given the mill supports over 1,200 jobs and injects $140 million into the local economy each year,” he said.
The mill, based in New Norfolk, will see the funding injected in over the 2013/2014 financial year.
"This is an important investment in Tasmania's economic future and builds on the Tasmanian Forests Intergovernmental Agreement (TFIGA) and the Australian Government's $120 million for economic diversification,” Mr Crean continued.
"It will ensure the ongoing viability of the Tasmania forest products industry and will support manufacturing jobs.”