Page 2505 - Week 09 - Tuesday, 6 August 2013
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video
Dr Bourke: Madam Speaker—
Mr Doszpot: Madam Speaker—
MADAM SPEAKER: Mr Doszpot, are you seeking to ask another question or are you seeking to express—
Mr Doszpot: I am seeking to ask another question.
MADAM SPEAKER: Dr Bourke has the call for the supplementary question.
DR BOURKE: Minister, could you tell us about the dedicated right of way that you talked about before and how that will be beneficial?
MR CORBELL: This project has significant benefit. First of all, it is worth highlighting that any cost-benefit analysis over one is a positive analysis and an analysis which indicates there is a net benefit to the economy. Infrastructure Australia’s general position is that any project that achieves a cost-benefit analysis of over two is a viable project worthy of further consideration. So we are in a strong position in relation to that cost-benefit analysis.
It is worth highlighting the capital metro cost-benefit analysis with the cost-benefit analysis of other light rail projects around the country. The Gold Coast light rail project achieves a benefit-cost ratio of less than two, and the new inner west light rail project, which has been given the go-ahead by the O’Farrell government, has a cost-benefit ratio of approximately one. So you can see there that the cost-benefit analysis of this project is favourable already, compared to the cost-benefit analysis of other projects.
But we accept, and we have always said, that more work needs to be done because we need to further demonstrate the benefits of this project in terms of the value uplift of property and development along the corridor. We need to demonstrate how that can help change the pattern of urban settlement in our cities so that more people have the choice to live close to the city centre in more affordable housing and with excellent public transport connections. And that is what this project can deliver and that is what the government is focused on delivering.
Budget—project funding
MS PORTER: My question is to the Chief Minister. Chief Minister, the first budget of this parliamentary term is focused on building a stronger economy and creating opportunity and fairness for all Canberrans. What are some of the key priorities that you have set for the first year of this term of government?
MS GALLAGHER: I thank Ms Porter for the question. The budget brought down in June took the vital early steps of a transformation that must occur for Canberra to reach its full potential. The government was re-elected with a clear vision for
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video