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Legislative Assembly for the ACT: 2000 Week 8 Hansard (29 August) . . Page.. 2554 ..

MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety): I ask for leave to make a brief statement concerning the capital works program.

Leave granted.

MR HUMPHRIES: I have just presented the quarterly report and full year report for the 1999-2000 capital works program. It is the final progress report, of course, for last financial year's program. The June quarterly capital works report provides detailed information on the progress of expenditure and the full-year result in the current capital works program, with particular focus on individual projects.

During 1999-2000, reform and improvement to the capital works program has continued. Continuation of quarterly reporting has allowed the government to closely monitor the progress and funding of departmental programs. It has made it possible for substitution of projects and deferral of funding to occur in the event of project delays.

This report incorporates quarterly and full-year expenditure information on all projects included in the 1999-2000 capital works program. It also identifies all significant variations to the 1999-2000 program and presents all information at the project level according to departmental responsibility.

The final quarter for the year saw an acceleration in expenditure within the capital works program. Territory departments incurred expenditure on capital works of $31.636 million in the June quarter, in comparison with $17.3 million in the March quarter. This figure represents 34 per cent of the value of budget-funded capital works projects. Full-year expenditure for the 1999-2000 program is $76.036 million, which represents 82 per cent of the original annual budget, or 96.4 per cent of the revised budget, including deferrals. The Department of Urban Services was the largest contributor to the capital works program expenditure in the final quarter, with $16.431 million.

The new works program has progressed well during the year, with 60.1 per cent of the value of the new works program completed at the end of the year against a budget of 69 per cent. This compares favourably with previous years' expenditure on new works, with 33.2 per cent of new works completed at the end of 1998-99. In the past, a completion level of 28 per cent to 35 per cent of the value for the full year has been attained.

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