Legislative Assembly for the ACT: 2022 Week 07 Hansard (Monday, 15 August 2022) . . Page.. 2579 ..
with funding remediation works. Details of the concessional loans to be offered in phase two of the scheme will be available once outcomes from phase one are known”.
The loans scheme has been the subject of a competitive procurement process that was conducted from 24 March 2022 and closed on 26 April 2022. Details of the successful tenderer will be released once the process has been finalised.
The finer details of the Concessional Loan Scheme are currently being finalised with the Scheme on track to commence in mid/late August 2022. The key parameters of the Concessional Loan Scheme are:
• Owners Corporations will be able to borrow up to $15 million;
• Corporations will be able to repay their concessional loan over a ten-year term;
• Interest rates will be fixed and will be at the Government rate of borrowing, which is significantly lower than market rates;
• No application or other loan fees; and
• No penalties for repaying the loan early.
Extensive consultations have been held with Strata Managers, Owners Corporations and industry on the development of the concessional loan. Learnings have also been gathered from existing cladding remediation schemes in NSW and Victoria.
Municipal services—streetlight inspections
Mr Steel (in reply to a question by Ms Clay on Thursday, 2 June 2022):
Transport Canberra and City Services carries out an inspection program where streetlights in Canberra are inspected every quarter, this includes all roads, and pathways which carry lighting through a park. These inspection programs are carried out during night-time hours when the streetlights are on.
Crace Community Recreation Park—lighting
Mr Steel (in reply to a question by Mr Braddock on Thursday, 2 June 2022):
The lights were inspected on 12/05/2022 after which repairs were programmed and parts ordered. The lights have now undergone repairs and become operational again.
Transport Canberra—fuel costs
Mr Steel (in reply to a question by Mr Parton on Tuesday, Thursday, 2 June 2022):
In the month of September 2021, the average cost per litre of diesel under Transport Canberra’s Bulk Fuel Supply Contract was $1.35. By contrast the average cost per litre in May 2022 was $2.05 with the highest cost being $2.17.
During September 2021, the bus network saw 1,860,964 km travelled compared to May 2022 at 2,170,085km. Diesel fuel use was also reduced in September 2021 at