$5.7 million Hydrowood project provides green jobs in Tasmania

Media Release


20 November 2015

Joint release with:

Brett Whiteley MP

Federal Member for Braddon

Local employment, including at Lake Pieman, is guaranteed until at least 2024 now that timber harvesting operations are up and running at the SFM Environmental Solutions Hydrowood project.

Assistant Minister to the Deputy Prime Minister Michael McCormack said the Australian Government provided $5 million to the project for the purchase, manufacture and modification of equipment to enable underwater harvesting of speciality timbers from Hydro Tasmania dam impoundments.

“This investment was made as part of the Australian Government's $106 million Tasmanian Jobs and Growth Package, which is providing funding to more than 30 projects that support the economic development of Tasmania,” Mr McCormack said.

“The package complements the Economic Growth Plan for Tasmania, which also includes $400 million Australian Government funding towards upgrading the Midland Highway.”

Federal Member for Braddon Brett Whiteley, who officially launched the project today, said Australian Government funding had helped to provide the vital equipment needed for SFM Environmental Solutions to reclaim luxury timbers from dam sites across Tasmania.

“The highly-valued timber, harvested from Lake Pieman, Lake Murchison, Lake Gordon, Lake Macintosh and Lake Burbury, will be processed into quality products such as flooring and veneer,” Mr Whiteley said.

“Speciality equipment is essential to reclaim these trees, as some are more than 20 metres below the water surface.”

“During the construction phase of this project, 24 jobs were created. With the right infrastructure now in place, these operations will continue to provide employment for years to come, including through transporting, processing, value adding, wholesaling and retailing.

“I would like to acknowledge the $757,693 contributed to date to the Hydrowood project by SFM Environmental Solutions.

“Without this project, the high-value timber may have stayed underwater and been lost forever.”

More information about the Tasmanian Jobs and Growth Package is online at investment.infrastructure.gov.au/funding/tasmanianjobs. More information about the Hydrowood project is online at www.sfmes.com.au/hydrowood/about-hydrowood.