Tasmania will hand ferry operator TT-Line a $75m lifeline in next week’s budget, with another $25m potentially needed to keep the company afloat. The equity injection was revealed by Minister for ...

Tasmanians should brace for a “horror” budget come May, opposition MPs have warned, as Treasury confirms the beleaguered ...

Bass Strait ferry operator TT-Line may need an urgent taxpayer-funded rescue package as its terminal project costs spiral from $90m to nearly half a billion dollars. The Public Accounts Committee ...

The government has dismissed the claim as “trademark Labor negativity”. Opposition leader Josh Willie said the government-owned ferry operator was facing increased debt because of the delays and cost ...

The bailout was revealed in the government’s Regular Spirit Replacement Update issued on Monday. “On 26 July, the Tasmanian Government agreed to support an increase in the borrowing limit for TT-Line, ...

The Public Accounts Committee heard that TT-Line has asked government lender Tascorp for an expansion of its debt limit from $1.035bn to $1.445bn to keep operating. TT-Line has currently drawn down ...

The equity injection was revealed by Minister for Transport and Infrastructure Kerry Vincent on Monday. “We have, as a government, lifted the borrowing capacity of the TT line as a safety factor, and ...