Page 304 - Week 01 - Thursday, 10 February 2022

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(9)

*Figures are for Transport Canberra Operations.

** Includes Light Rail Operations.

(10) 

*The figure is unavailable at time of request. Capital expenditure is reported at calendar year.

Light rail—costs and revenue
(Question No 353)

Mr Parton asked the Minister for Transport and City Services, upon notice, on 25 June 2021:

(1) In 2019-20 and 2020-21, (a) how much was paid by the ACT Government to Canberra Metro Operations to deliver light rail services, and (b) what other expenses were incurred and paid in relation to maintaining and providing the existing light rail service.

(2) Does the ACT Government receive any revenue from the light rail service; if so, how much was received in each year.

Mr Steel: The answer to the member’s question is as follows:

(1)

(a) The annual payments to Canberra Metro comprise two components: a construction repayment component associated with the capital value of light rail as an asset, and an operations and maintenance component for direct delivery of services to the Canberra community. This model is a useful form of financing for major infrastructure because it spreads the cost of purchasing long-term community assets over many years, along with the benefits.

Combined payments to Canberra Metro Operations for light rail were:

i. $53,854,902.33 in 2019 2020 (GST exclusive); and

ii. $49,703,750.52 in 2020-2021 (May YTD) (GST exclusive).

This comprised of the following split between capital and operating components:

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