The Tasmanian Government is investing in this vital company to deliver the enabling infrastructure for our critical passenger and freight movements across Bass Strait.
This equity is provided for past direct capital cost overruns.
Minister for Infrastructure and Transport, Kerry Vincent, said the project is back on track.
"Any investment into TT-Line benefits the entire state," Minister Vincent said.
"Tasmanians will see a $506 million equity injection into TT-Line in the upcoming 2026-27 Budget.
"This equity is not adding to the cost of the project. It is paying for past direct capital cost overruns, and is not TT-Line spending any additional money.
"We know these decisions come at a difficult time, and it's no secret the capital cost overruns have put a strain on TT-Line.
"This is about ensuring our vital infrastructure and a key tourism and freight link is supported and continuing to function as Tasmanians need and deserve."
Treasurer Eric Abetz said the Tasmanian Government will always deliver the services and infrastructure we need now, and for the future.
"In the 2026-27 Budget we are providing TT-Line with the certainty it needs for its future," the Treasurer said.
"TT-Line is a frontline service for Tasmanians and we are investing in it.
"We are doing this by providing TT-Line with equity to reduce its debt and maintain a manageable and sustainable fiscal position."
