Page 3155 - Week 10 - Wednesday, 15 September 1993

MINISTER FOR THE ENVIRONMENT, LAND AND PLANNING

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 912

Residential Development - North Duffy/Holder

Mr Cornwell - asked the Minister for the Environment, Land and Planning - in relation to the proposed development at North Duffy/Holder

(1) Will development be undertaken by the Government, by joint venture with

the private sector or solely by the private sector?

(2) If undertaken solely by the private sector, will the Government recoup the

full cost of new infrastructure or the full cost of upgrading existing

infrastructure?

(3) Has a cost - benefit analysis of the proposed development, or parts thereof,

been undertaken and, if so, can copies be provided to interested parties,

including myself?

(4) Is the cost of development of the site cheaper than greenfields development

and how do the respective costs compare?

(5) What is the anticipated average price and the anticipated range of prices for

blocks in the development?

Mr Wood - the answer to the Members question is as follows:

(1) It would be the Governments intention to develop North Duffy/Holder as a

joint venture with the private sector in preference to a sole private sector

development. The Government is continuing to review land development

opportunities in the light of its policy to move gradually and carefully to

public sector land development.

(2) See 1.

(3) As the proposal is still subject to consultation with a number of parties

including the community and the detailed scope of the development has yet

to be settled, it has not been possible to finalise all details of the cost/

benefit analysis. However, the initial assessment is that the development

will generate a substantial saving for the ACT community. The

Governments final Variation package that will be presented to the Standing

Committee on Planning, Development and Infrastructure will include all

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