❓ Premier Court addresses concerns about the transparency of the Perth Convention and Exhibition Centre tender process, responding to questions about tabling letters from tenderers and defending the selection of Multiplex Constructions. He accuses the opposition of attempting to sabotage the project.
AnsweredQoN 213Legislative Assembly
Asked
21 September 2000
Member
QuestionView source ↗
What decision has been made regarding the tabling of any letters that have been forwarded to the Premier from the convention centre tenderers? Mr COURT
AnswerView source ↗
I thank the member for some notice of this question. On Thursday, 14 September in this House, I said to the Deputy Leader of the Opposition that if it were appropriate to table these letters I would. I have asked the probity auditors about this. I have sent the letters through to the office of the Minister for Tourism, and if it is appropriate to make those letters public I will do so. In another part of the debate I said that people had written to me. As it turned out, no-one wrote to me directly; I received copies of correspondence from two of the syndicates. The probity auditor today made some media comment. He has been very concerned about some of the allegations that implied the process had not been proper. The probity auditor today issued the following statement - “We have issued an opinion on the probity of the process followed to appoint a preferred applicant and remain of the view that the process was fair and equitable to all applicants,” he said. Dr Gallop: Would you table that? Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT replied: I thank the member for some notice of this question. On Thursday, 14 September in this House, I said to the Deputy Leader of the Opposition that if it were appropriate to table these letters I would. I have asked the probity auditors about this. I have sent the letters through to the office of the Minister for Tourism, and if it is appropriate to make those letters public I will do so. In another part of the debate I said that people had written to me. As it turned out, no-one wrote to me directly; I received copies of correspondence from two of the syndicates. The probity auditor today made some media comment. He has been very concerned about some of the allegations that implied the process had not been proper. The probity auditor today issued the following statement - “We have issued an opinion on the probity of the process followed to appoint a preferred applicant and remain of the view that the process was fair and equitable to all applicants,” he said. Dr Gallop: Would you table that? Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
I thank the member for some notice of this question. On Thursday, 14 September in this House, I said to the Deputy Leader of the Opposition that if it were appropriate to table these letters I would. I have asked the probity auditors about this. I have sent the letters through to the office of the Minister for Tourism, and if it is appropriate to make those letters public I will do so. In another part of the debate I said that people had written to me. As it turned out, no-one wrote to me directly; I received copies of correspondence from two of the syndicates. The probity auditor today made some media comment. He has been very concerned about some of the allegations that implied the process had not been proper. The probity auditor today issued the following statement - “We have issued an opinion on the probity of the process followed to appoint a preferred applicant and remain of the view that the process was fair and equitable to all applicants,” he said. Dr Gallop: Would you table that? Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
On Thursday, 14 September in this House, I said to the Deputy Leader of the Opposition that if it were appropriate to table these letters I would. I have asked the probity auditors about this. I have sent the letters through to the office of the Minister for Tourism, and if it is appropriate to make those letters public I will do so. In another part of the debate I said that people had written to me. As it turned out, no-one wrote to me directly; I received copies of correspondence from two of the syndicates. The probity auditor today made some media comment. He has been very concerned about some of the allegations that implied the process had not been proper. The probity auditor today issued the following statement - “We have issued an opinion on the probity of the process followed to appoint a preferred applicant and remain of the view that the process was fair and equitable to all applicants,” he said. Dr Gallop: Would you table that? Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
[See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT replied: I thank the member for some notice of this question. On Thursday, 14 September in this House, I said to the Deputy Leader of the Opposition that if it were appropriate to table these letters I would. I have asked the probity auditors about this. I have sent the letters through to the office of the Minister for Tourism, and if it is appropriate to make those letters public I will do so. In another part of the debate I said that people had written to me. As it turned out, no-one wrote to me directly; I received copies of correspondence from two of the syndicates. The probity auditor today made some media comment. He has been very concerned about some of the allegations that implied the process had not been proper. The probity auditor today issued the following statement - “We have issued an opinion on the probity of the process followed to appoint a preferred applicant and remain of the view that the process was fair and equitable to all applicants,” he said. Dr Gallop: Would you table that? Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
I thank the member for some notice of this question. On Thursday, 14 September in this House, I said to the Deputy Leader of the Opposition that if it were appropriate to table these letters I would. I have asked the probity auditors about this. I have sent the letters through to the office of the Minister for Tourism, and if it is appropriate to make those letters public I will do so. In another part of the debate I said that people had written to me. As it turned out, no-one wrote to me directly; I received copies of correspondence from two of the syndicates. The probity auditor today made some media comment. He has been very concerned about some of the allegations that implied the process had not been proper. The probity auditor today issued the following statement - “We have issued an opinion on the probity of the process followed to appoint a preferred applicant and remain of the view that the process was fair and equitable to all applicants,” he said. Dr Gallop: Would you table that? Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
On Thursday, 14 September in this House, I said to the Deputy Leader of the Opposition that if it were appropriate to table these letters I would. I have asked the probity auditors about this. I have sent the letters through to the office of the Minister for Tourism, and if it is appropriate to make those letters public I will do so. In another part of the debate I said that people had written to me. As it turned out, no-one wrote to me directly; I received copies of correspondence from two of the syndicates. The probity auditor today made some media comment. He has been very concerned about some of the allegations that implied the process had not been proper. The probity auditor today issued the following statement - “We have issued an opinion on the probity of the process followed to appoint a preferred applicant and remain of the view that the process was fair and equitable to all applicants,” he said. Dr Gallop: Would you table that? Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: Yes. [See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
[See paper No 257.] Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: The task force involved in this matter is currently negotiating a contract with Multiplex Constructions Pty Ltd, the preferred tenderer. It is inappropriate to table that correspondence until those negotiations have been completed. When a contract has been negotiated the Government will table all that information. That is something the members opposite would never do. Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr McGinty: What are you withholding from the public now? Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: The member for Fremantle knows what is happening in that matter. The Opposition has been irresponsible. The opposition spokesperson on this matter has made a deliberate and irresponsible attack on Multiplex, which is the preferred tenderer. It is a deliberate attempt to sabotage its proposals to finance this project. In this Parliament the member for Rockingham stated - It has been said that the successful tenderer’s finance with the Commonwealth Bank has fallen over and it has had to approach the Commonwealth with this equity arrangement or go to another bank - ABN AMRO . . . - to arrange finance. The member stood up in this House and made a deliberate attempt to imply that Multiplex could not arrange its finances. A letter from the Commonwealth Bank dated 15 September reads - Perth Convention and Exhibition Centre (PCEC) We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia. [See paper No 258.] Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
We refer to recent discussions concerning the article in the West Australian Newspaper dated 14 September 2000 headed “Centre Finance a problem: Labor”. As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
As indicated in previous correspondence Commonwealth Bank continues to support Perth CEC Pty Ltd in bringing construction of the PCEC to a successful conclusion. As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
As you are aware, and as with any project of this magnitude there are always a variety of structuring issues that need to be finalised before a complete and efficient financing structure can be agreed upon. However, since the Perth CEC Pty Ltd consortium’s nomination as preferred tenderer, we have continued to progress the structure with your advisers and we understand they are close to finalising the proposed funding arrangements. We await details of the final structure in order to progress our internal credit process. The Bank remains committed to supporting a satisfactory finance structure for this transaction. I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
I trust that this letter serves to restate the Bank’s position in respect to the PCEC and look forward to continuing to work with Perth CEC Pty Ltd to complete what we believe will be an outstanding and functional venue for the people of Perth and the State of Western Australia.
Mr COURT: Members opposite have become very cocky and arrogant and think nothing of making such an irresponsible claim that is deliberately designed to sabotage this project. The Opposition has made clear what it thinks of this convention centre. The Labor leader in the upper House said that if these contract negotiations are delayed and they are not entered into prior to the election - Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr Ripper: You are not going to sign by 30 September. Are you saying there is a delay? Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Mr COURT: The Deputy Leader of the Opposition spoke over the top of me during debate yesterday. He may reckon that is a smart tactic, but it is not a clever way to handle debate in this Parliament. The Deputy Leader of the Opposition should listen to what the Labor leader in the upper House had to say. He said that if Labor wins the election there will be no convention exhibition centre and there will be no soccer-rugby stadium. Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
Members opposite have taken it upon themselves to sabotage this project. They will not. It will go ahead. It will be incredibly successful. The Government will stand alongside UnionsWA - proud of this project.
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