Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .

Legislative Assembly for the ACT: 2003 Week 4 Hansard (3 April) . . Page.. 1459 ..

1. Where were the barriers and other equipment used in the construction of the former V8 Supercar event being kept;

2. How much of that equipment has been sold and did the Government make any money out of equipment sold;

3. How much of that equipment is still being stored;

4. What was the cost at 31 March 2003 of storing this equipment;

5. What does the government plan to do with the equipment still in storage;

6. On Budget Paper 3 (Page 206) it states that the Commonwealth Avenue pavement rehabilitation stages 2 and 2a would be deferred due to 'site storage issues and the V8 Supercar race'. Can the Minister explain what was meant by this statement.

Mr Quinlan: The answer to the member's question is as follows:

1. The barriers and other equipment used in the construction of the former Supercar event is stored at the Boral Quarry in Mugga Lane.

2. The written down value of V8 assets as at 1 July 2002 was $894,000. The following equipment has been sold.

A net position for the Government will not be available until all the assets are disposed of.

3. All the 'overtrack' signage and bridges used for the event, 7000 tyre bundles and approximately 1500 concrete barriers are in storage.

4. The cost of storing the equipment as at 31 March 2003 has been nil. The nil cost to Government is the result of a contra arrangement between Boral and CTEC. Negotiations are currently underway regarding future arrangements.

5. The Government plans to continue to seek avenues to dispose of the assets. Meanwhile, the Subaru Rally of Canberra is using over 200 concrete barriers in the forest areas during the 2003 Subaru Rally of Canberra.

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .