Economic Benefits of North East Tasmanian Rail Trail Identified
Posted on 23/02/14
Northern Tasmania Development has completed a demand and economic benefit assessment for the proposed rail trail between Launceston and Billycock Hill, near Ledgerwood.
The report concludes that after five years (post-construction), the Rail Trail will create $6.8million per annum of economic impact in the region with the creation of 40 new jobs. This benefit grows to $11.2 million per annum after 15 years.
This project will provide a significant enhancement to the already funded network of mountain bike trails, making the northern region a truly competitive tourism and cycling destination.