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Legislative Assembly for the ACT: 2003 Week 13 Hansard (27 November) . . Page.. 4952 ..

(7) Why was it not possible for the Government to anticipate at least some of the funds that have been received from land sales.

Mr Quinlan

: The answer to the member's question is as follows:

All variances are explained as far as possible in the quarterly report. The Government is not willing to invest additional resources to answer the question.

Griffin Centre

(Question No 1105)

Mr Smyth asked the Treasurer, upon notice:

In relation to the proposed redevelopment of section 84 in the City and the incorporation of the Griffin Centre in the project:

(1) What plans are now being made for the Griffin Centre in the context of the Queensland Investment Corporation's proposal to redevelop section 84 in the City.

(2) What is the specific purpose of the $1.093 million that was identified in Appropriation Bill 2003-04 (No.2) as being for capital requirements for the Griffin Centre;

(3) Will the expenditure of these funds be incurred on the site of the existing Griffin Centre or in a new Griffin Centre.

Mr Quinlan

: The answer to the member's question is as follows:

(1) The Griffin Centre project is presently at the design approval stage, and the plans are expected to be finalised by the end of 2003. Construction is scheduled to commence in May 2004 with the completion envisaged in February 2005.

The Queensland Investment Corporation (QIC) will build the new Griffin Centre in Block 1 Section 84 City, with a total usable space of approximately 3,059 m2. This consists of the usable space of 2,689 m2 constructed by QIC under the Development Deed signed in December 2000 and an additional usable space of 370 m2 promised by the previous government.

The Griffin Centre project forms the Stage 1 of the QIC's redevelopment project, which allows the tenants of the existing Centre to be accommodated in the new Centre prior to the redevelopment of the current Centre's site.

(2) The supplementary appropriation for the Griffin Centre project will address two issues that surfaced during the detailed project design process.

Firstly, it provides sufficient funding for the government-funded increase in floor areas. This amounts to $472,000. The unit cost per square meter was underestimated in the initial function brief, on which the funding from the 2001-02 Budget was based.

Secondly, it provides for additional mechanical and circulation space required to increase the usable floor space by 370 m2. This amounts to $522,000. The initial function brief did not make sufficient allowance for mechanical and circulation space.

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