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Legislative Assembly for the ACT: 2015 Week 1 Hansard (12 February) . .

Page.. 282..


minimum, in 2014 dollars, about $450 million. An appropriate escalator for a base design gave a range of between $500 million and $700 million, depending of course on the quality of inclusions, the nature of the construction, whether or not you include the value of the land. That was why a range was put on the particular project. Of course it would vary, as I indicated, depending on the nature of the final construction. The advice came from all of those sources.

MADAM SPEAKER: Supplementary question, Mr Smyth.

MR SMYTH: Chief Minister, what are the assumptions used in calculating this cost range?

MR BARR: I just referred to those.

MADAM SPEAKER: A supplementary question, Ms Porter.

MS PORTER: Minister, what are the next steps in relation to this project?

MR BARR: The next steps are for the now appointed architecture firm to work with stakeholders, particularly the economic development part of the Chief Minister, Treasury and Economic Development Directorate, together with the major projects area, to move to the next phase of investment-ready status for the project. I need to be clear here, as I was in the media, that the ACT government will not be fully funding this project, and it has never been our intention to fully fund the convention centre. It will always require commonwealth government support and/or private sector support. Preferably, tripartite funding would certainly make the project a more realistic proposition in the shorter term. But the reality for this project is that without significant federal government funding assistance it will not happen.

MADAM SPEAKER: Supplementary question, Ms Lawder.

MS LAWDER: Chief Minister, will you table the documents that support your costing of this project?

MR BARR: I provided that advice to the Assembly in my earlier answer.

Business—investment

MR DOSZPOT: My question is to the Minister for Economic Development. Minister, the half-yearly performance report for the Chief Minister, Treasury and Economic Development Directorate reported a 543 per cent year-to-date variance for investment facilitation leads. However, the measure qualified that leads are mere entities that expressed an interest to invest in the ACT. What is regarded as a lead, and how many of the reported 45 such leads facilitated led to tangible investment deals?

MR BARR: Leads involve expressions of interest in investing in the ACT in a variety of different industry sectors, with a variety of different potential levels of investment and outcomes. The Invest Canberra area will, of course, report in the annual report of the directorate in relation to all of the performance measures that it is required to meet.


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