Legislative Assembly for the ACT: 2003 Week 5 Hansard (8 May) . . Page.. 1837..
Section 7(a) of the Territory Owned Corporations Act 1990 specifies the principal objectives of a Territory owned corporation as:
"(a) to operate at least as efficiently as any comparable business; and
(b) to maximise the sustainable return to the Territory on its investment in the corporation in accordance with the performance targets contained in the latest statement of corporate intent of the corporation."
The Government has been devoting considerable effort to determine the best future strategic direction for Totalcare. In early April 2003 a Working Group was convened to investigate viable options for the future of Totalcare. This group comprised representatives from relevant ACT Government Departments, Unions and Totalcare management. The Government has now received the Working Group report and is considering the findings and conclusions in it.
The relevant test is outlined in 2 above.
(Question No 636)
Mr Cornwellasked the Minister for Urban Services, upon notice:
In relation to Majura Road:
$3.5m is listed in the Budget Papers to upgrade Majura Road. What works will take place on Majura Road as part of this project.
The December Quarterly Capital Works report shows that this project is to be completed by 30 June 2003. Will this project be completed on time.
In 2001 Labor committed to upgrading Majura Road to a four lane highway contributing $250,000 with the rest to be funded by the Commonwealth, are these plans still on the agenda.
Mr Wood: The answer to the member's questions is as follows:
The project will provide safety improvements on the existing Majura Road. Works include some shoulder widening, minor intersection improvements, and improved access to properties.
The project is expected to be completed in July 2003.
$250,000 of funding is being used to develop a concept design to establish the preferred alignment for a future four lane Majura Parkway. The Territory will endeavour to seek funds for construction from the Commonwealth.