❓ Hon. Tjorn Sibma questions the Leader of the House regarding the Resources Community Investment Initiative (RCII), its funding, project allocation, and potential impacts from leadership changes and commodity price fluctuations. The response details the total value of contributions and ongoing project negotiations.
AnsweredQoN 1140Legislative Council
QuestionView source ↗
RESOURCES COMMUNITY
INVESTMENT INITIATIVE
1140. Hon TJORN SIBMA to the Leader of the House representing
the Premier:
I refer to the resources community
investment initiative.
(1) After two years of operation, what is the current
total value of funds committed to RCII and which particular projects
have been funded by the scheme, from which source and at what value?
(2) Has the
government's leverage over RCII participants been diminished by the
departure of the scheme's architect, ex-Premier Hon Mark McGowan?
(3) Has the sustainability of the
scheme been damaged by drops in commodity prices?
INVESTMENT INITIATIVE
1140. Hon TJORN SIBMA to the Leader of the House representing
the Premier:
I refer to the resources community
investment initiative.
(1) After two years of operation, what is the current
total value of funds committed to RCII and which particular projects
have been funded by the scheme, from which source and at what value?
(2) Has the
government's leverage over RCII participants been diminished by the
departure of the scheme's architect, ex-Premier Hon Mark McGowan?
(3) Has the sustainability of the
scheme been damaged by drops in commodity prices?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1)–(3) The
current total value of the resources community investment initiative
contributed by partners is $750 million. The RCII is an ongoing initiative that
was established by the state government to partner with the resources sector to
support significant iconic projects such as the Aboriginal cultural centre and Perth Concert Hall as well as regionally
significant projects such as Aboriginal remote community housing . These projects will benefit future generations and
require significant planning. In July 2024, the government announced
that Rio Tinto will contribute $20 million from its RCII commitment towards the
major redevelopments at Tom Price and Paraburdoo Hospitals. Company
contributions towards a range of other projects are currently being negotiated
and will be announced at the appropriate time.
some notice of the question.
(1)–(3) The
current total value of the resources community investment initiative
contributed by partners is $750 million. The RCII is an ongoing initiative that
was established by the state government to partner with the resources sector to
support significant iconic projects such as the Aboriginal cultural centre and Perth Concert Hall as well as regionally
significant projects such as Aboriginal remote community housing . These projects will benefit future generations and
require significant planning. In July 2024, the government announced
that Rio Tinto will contribute $20 million from its RCII commitment towards the
major redevelopments at Tom Price and Paraburdoo Hospitals. Company
contributions towards a range of other projects are currently being negotiated
and will be announced at the appropriate time.
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