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Legislative Assembly for the ACT: 1999 Week 13 Hansard (9 December) . . Page.. 4105 ..

MR HUMPHRIES (continuing):

The strong balance sheet of the Territory means the Territory's credit risk rating remains at triple-A, the highest available in this country.

Mr Speaker this Government has an ongoing commitment to ensuring that the operating loss of the Territory is addressed and systematically reduced. We have continued to deliver on this commitment as the operating result before abnormal items in these financial statements show. The financial management plans and structures that have been put in place will deliver on this commitment and should deliver the Territory's first operating surplus since self-government within two years.



MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety): Mr Speaker, for the information of members, I present the June quarter progress report on the 1998-99 capital works program. I ask for leave to make a statement and to have the statement incorporated in Hansard.

Leave granted.

The statement read as follows:

I present the June quarter report for the 1998-99 Capital Works Program.

Mr Speaker, this report details the expenditure of the Government's 1998-99 capital works budget for the June quarter and full year. The quarterly report represents one of a number of initiatives introduced by this Government as part of reforms to the capital works program.

The June report highlights the completion of a number of significant projects in the Government's 1998-99 capital works program across all agencies.

Mr Speaker, the largest and perhaps most significant project is the Tuggeranong Police Station, which was completed at a cost of about $5.7m. This provides the most modem facility for police in the Tuggeranong valley.

Refurbishment of the Phillip Health Centre had started in 1997-98. This project was completed in 1998-99 at a total cost of $5. 1 m, and will significantly improve the quality of community care services.

In The Canberra Hospital, a number of major projects were brought to completion during the year. These include:

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