Page 2936 - Week 10 - Tuesday, 13 August 2013
under new rules passed by the commonwealth Labor government you get the taxation concessions as a private investor if the infrastructure project is recognised by Infrastructure Australia as a priority.
If Infrastructure Australia do not give it the green light, it means that private sector investors will not get a tax concession. If you are not getting a tax concession that is yet another barrier. It is yet another disincentive to go with this infrastructure project rather than any of the other infrastructure projects which are on offer elsewhere around Australia or, indeed, around the world.
Something that we have not heard of yet is the off-peak patronage projections. In my discussions with transport economists and transport engineers they have all said to me that it is the off-peak patronage which is critical for the success of any public transport program, the reason being that during peak time just about any public transport system will be at capacity. (Time expired.)
MR SMYTH (Brindabella) (8.52): I refer members to the report of the Select Committee on Estimates. There is an entire section on the Capital Metro Agency. The recommendations start at No 97 and go all the way through to 107. So there are 10 recommendations there that clearly show the interest that the committee had in the Capital Metro Agency project. Recommendation 97 is:
The Committee recommends that the ACT Government make publicly available the current Cost Benefit Analysis and that all further analysis be publicly available as it is completed.
Recommendation 98 is:
The Committee recommends that the Capital Metro Agency publish a detailed timeline of the light rail project on an ACT Government website.
Recommendation 99 is:
The Committee recommends that the ACT Government release the submission to Infrastructure Australia and all other documents relating to light rail.
And I note, “all other documents relating to light rail”. Recommendation 100 is:
The Committee recommends that the Capital Metro Agency publish a detailed budget of the light rail project on an ACT Government website.
Recommendation 101 is:
The Committee recommends that the ACT Government detail how the Capital Metro project will be funded.
Recommendation 102 is:
The Committee recommends that the ACT Government release all details concerning the cost of running the Capital Metro, the amount expected to be