Page 4615 - Week 12 - Thursday, 26 October 2017
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commercial rate to the Joint Venture to fund initial project costs. The borrowings will be paid back as the project becomes cash flow positive.
(6) As (5) above states, total payment for the expenses was made by the Joint Venture with borrowings from the Suburban Land Agency. These borrowings provide operating revenue for the Joint Venture and will be repaid once the project becomes cash positive, primarily through land sales.
(7) No. The respective roles of developer and regulator are separated through the application of relevant legislation and Ministerial responsibilities. The City Renewal Authority and Suburban Land Agency Act 2017 provides the authority for the Agency to exercise its functions, including those related to a Joint Venture. The Financial Management Act 1996 also sets out a range of requirements for the operations of the Agency. Planning related decisions are made by the Chief Planning Executive or their delegate under the Planning and Development Act 2007. The Government Agencies (Campaign Advertising) Act 2009 is to prevent the use of public funds for advertising or other communications for political party purposes. This Act sets out the role of the Reviewer, including the requirements for the Reviewer to be independent of Government.
Transport—light rail
(Question No 668)
Ms Lawder asked the Minister for Transport and City Services, upon notice, on 22 September 2017:
(1) In relation to the Minister’s answer to the Select Committee on Estimates 2017-2018 question on notice No 505, can the Minister provide, as a percentage, the value of work that has been awarded to local businesses in comparison to all contracts that have been awarded for light rail stage 1.
(2) Are ACT businesses given any loadings when tendering for light rail work.
Ms Fitzharris: The answer to the member’s question is as follows:
(1) Approximately 58% (by number) of contracts awarded up until 31 May 2017 under the Light Rail Stage 1 Project by Canberra Metro were awarded to businesses that are local to the Canberra Region. The value of subcontracts awarded is not required to be provided by Canberra Metro.
(2) Canberra Metro are required to comply with the requirements of the Local Industry Project Agreement. This provides targets for contracts awarded to local entities but no weighting is applied.
Centenary Hospital for Women and Children—aluminium cladding
(Question No 669)
Ms Lawder asked the Minister for Health and Wellbeing, upon notice, on 22 September 2017:
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