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The Australian and Tasmanian Governments have committed $30 million to construct a four-lane interchange that will replace the Hobart Airport roundabout.

The new interchange will improve safety, reduce traffic congestion and address future increases of traffic.

Rapid growth in the residential areas of Sorell and Southern Beaches and increased tourism along the east coast and Tasman Peninsula have contributed to the increase in traffic through the area.

Average annual daily traffic on the Tasman Highway near the Hobart Airport is 27,000 vehicles and is predicted to grow by 2.8% per annum to a level of 47,000 vehicles by 2038.

The new interchange will improve access to the Hobart Airport, and has been designed to facilitate the predicted growth in visitor numbers, air freight transport, and commercial developments.

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