Page 3843 - Week 10 - Thursday, 27 August 2009
Mr Hargreaves presented the following papers:
Legislation Act, pursuant to section 64—
Dangerous Substances Act—Dangerous Substances (Explosives) Amendment Regulation 2009 (No 2)—Subordinate Law SL2009-43 (LR, 26 August 2009), together with its explanatory statement and a regulatory impact statement.
Capital works 2008-09 program outcome
MS GALLAGHER (Molonglo—Treasurer, Minister for Health, Minister for Community Services and Minister for Women) (3.11), by leave: I thank members for allowing me to address the chamber on the important issue of the delivery of quality capital infrastructure to the community. Members will be aware that, for all jurisdictions, the provision, upkeep and maintenance of quality infrastructure provides the necessary platform for delivering services to the community. Quality infrastructure development is also essential to support the territory’s growth, jobs and activity in the local economy, and through this support ultimately the economic and social wellbeing of our community.
The government has instigated a medium to longer term perspective in its infrastructure investment program. This is necessary to shape essential community and social infrastructure, as well as other core infrastructures such as transport networks. These investments ensure the sustainability of services and the continued prosperity of the community into and beyond the next decade.
The last two budgets have been significant for infrastructure investment in the territory. It began with an unprecedented level of investment committed in the 2008-09 budget as part of the $1 billion building the future program. Further capital investments were made through the second and third appropriations and, more recently, in the 2009-10 budget. In fact, our capital program, after taking into account our future capital provisions, and including the federal government’s nation building initiatives, will provide capacity for over $2 billion in investment in the territory over the next four years.
In addition to these investments, the territory’s public trading enterprises are making investments totalling $428 million in 2009-10 to support their normal business operations, including $300 million by Actew Corporation for water security projects, $71 million by Housing ACT, $52 million by the Land Development Agency and $5 million by ACTTAB Ltd.
The third appropriation, the local initiatives package, was put together as a direct and targeted response to the global financial crisis. The aim of the package was to boost business confidence in the ACT, particularly in areas of uncertainty where emerging capacity was identified, like the building and construction industry. The package provided work locally for a range of trades—builders, plumbers, roofers, painters, electricians, plasterers, landscape specialists and so on. The package included $25 million worth of work to be delivered over two years.