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Snowy 2.0 Delivering Regional Jobs in Eden-Monaro

Friday, 19 June 2020
Thousands of regional jobs are being created in the Snowy region on the back of the Morrison Government’s investment in Snowy 2.0.  
 
The construction of the new concrete factory in Polo Flat in Cooma, being visited today by Prime Minister Scott Morrison and Minister for Energy and Emissions Reduction Angus Taylor, marks another important step forward in the development of Snowy 2.0. 
 
The Polo Flat factory will locally manufacture the concrete segments used to line the tunnels of Snowy 2.0 and will create 150 local jobs – around 30 during construction of the factory and 125 operational jobs in Cooma. 
 
This is part of the Snowy 2.0 construction jobs boom which will create 4,000 jobs over the life of the project, as well as many more indirect jobs created by flow-on benefits being realised by local businesses and the broader region.  
 
There are already 500 people working on Snowy 2.0, and this is set to grow to 850 by the end of the year.   
 
Minister Taylor said more than 100 businesses have been involved in the Snowy 2.0 project to date. 
 
“In a difficult time for many as Australian families and businesses deal with the impacts of COVID-19, Snowy 2.0 is delivering important economic activity,” said Mr Taylor. 
 
“Snowy 2.0 is creating a jobs boom, and local businesses are benefitting from the Government’s investment to expand the iconic Snowy Hydro. 
 
“Snowy 2.0 will also deliver important benefits to the National Electricity Market, reducing volatility, supporting reliability and helping bring down electricity costs for Australian families and businesses.” 
 
Liberal Party candidate for Eden-Monaro, Fiona Kotvojs, said Snowy 2.0 is building on Snowy Hydro’s extraordinary legacy of contributing to the development and economic growth of the region.  
 
“Snowy 2.0, and the local jobs and investment it creates, has never been more important to our community as we emerge from COVID-19.” 
 
The Polo Flat segment factory represents a direct annual turnover of $115 million to the local economy, and Snowy 2.0 has resulted in more than $35 million in direct expenditure in the Snowy Mountains region already, with much more local investment to come. 
 
More information about Snowy 2.0 is online at snowyhydro.com.au/our-scheme/snowy20

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