Page 1447 - Week 05 - Tuesday, 6 May 2008
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Significant projects to be funded this year include:
• $11 million for the Molonglo Arterial Road to support planned land releases;
• $12 million for the North Weston Pond and Bridge; and
• $5 million for the Horse Park Drive Extension to Burrumarra Avenue.
Mr Speaker, it goes without saying that the more than 10 per cent boost to our physical assets that will be delivered to the community through this massive investment will need to be maintained and supported. The Budget supports recurrent costs in the order of $90 million over four years relating to the Building the Future Program.
Mr Speaker, combined with the regular capital works program, the massive capital injection of Building the Future takes the total forecast capital expenditure included in this Budget to around $1.5 billion.
The current year’s forecast expenditure on the capital works program is $314 million—the largest ever expenditure on capital works and about three times the investment being made when we came to office.
And the planning for the future goes on.
The Budget allocates no less than $31.5 million for feasibility studies or design of infrastructure projects for the future that will be funded in subsequent budgets, including:
A pool for Gungahlin.
An enclosed oval for Gungahlin.
A Child and Family Centre for Belconnen.
A Trade Skills Centre for Fyshwick.
A chairlift at Stromlo Forest Park.
A masterplan for the Reid Campus of CIT.
A scoping of possible new camping and caravan parks.
A new Supreme Court.
A new pavilion at EPIC.
This Government has the vision to make such an investment in the Territory’s future. And it has the capacity to plan for it, and deliver on it.
Yet, importantly, the Budget remains in surplus, this year and in each of the out years.
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