It comes after the launch of the Launceston Airport TRANSlink Precinct Prospectus, which aims to encourage further investment in the area by promoting the state and the area’s competitive strengths.  

According to the prospectus, the logistics and industrial hub offers access to domestic and international markets, and established business base and connectivity, including ports, fuel and freight rail.  

Cr Downie said the multimillion dollar upgrades would require additional funding from state and federal governments, while $1.9 million worth of more urgent upgrades had already been funded by council.

“It’s a big ticket item, and we believe this project is worthy of attracting external funding. The total cost of the project could be up to five million.

“But in the meantime, we wish to proceed with parts of the project we see are of higher significance which is upgrading some pipes, and getting some of these basins underway,” he said.

He said that earlier this year, the council applied for funding through the National Stronger Regions Funding Program in March 2016, but was unsuccessful.

“With the area that’s available for immediate development we want that area fixed up immediately, there’s other land that’s available, that land would be worked on.”

“Some of those works will be done this financial year.”

The project aims to safeguard the precinct from the threat of a 1-in-100-year storm event.

It will see increased pipe sizes, diversion of some stormwater sources adjacent to rural catchment land, increased number of detention basins and upgrades of existing ones, and grassed open drains.

Treasurer Peter Gutwein said the government was committed to working with local government to invest in infrastructure.

"The government has announced a $60 million loan fund to help councils bring forward infrastructure investment and I would encourage the council to put this project forward.”