❓ A WA parliamentary question on notice regarding the Metropolitan Redevelopment Authority's (MRA) financial performance, expenditure, and projects in various areas, including Elizabeth Quay and Midland. The response provides financial figures and project updates, but lacks specific cost breakdowns in some instances.
AnsweredQoN 3814Legislative Assembly
QuestionView source ↗
(1) Will the Minister advise what the overall sales revenue expectations are for the 2014–2015 financial year of the Metropolitan Redevelopment Authority (MRA): (a) if yes, what is the breakdown of that revenue between other operational costs and the development contribution plan; and (b) if yes, after deducting the cost of land sold and the operational costs for the 2014–2015 financial year, what is the expected profit or loss? (2) Will the Minister advise what the MRA estimated land acquisition and development capital expenditure for the 2014–2015 financial year is for the following areas: (a) Armadale; (b) Central Perth; (c) Midland; and (d) Scarborough? (3) If not to (2), why not? (4) Will the Minister advise what are the MRA's proposed minor asset purchases for the 2014–2015 financial year and if not, why not? (5) Will the Minister adivse what is the current Asset Investment Program Efficiency Measure? (6) Will the Minister advise what the MRA's Western Australian Treasury Corporation debt is expected to be as at 30 June 2015, and if not, why not? (7) Will the Minister advise what the MRA's peak level of debt for the period 2014–2015 is expected to be, and if not, why not? (8) Will the Minister advise, as per the approved budget what is the financial figure the MRA will receive in capital appropriations to fund the Elizabeth Quay Project, and if not, why not? (9) The State Budget 2014–2015 states that the MRA will invest $144.7 million on the Elizabeth Quay project to provide for the ongoing construction of the inlet, public domain and the revitalisation of Barrack Street Jetty, will the Minister advise how much has been spent to date on each of these three areas? (10) The State Budget 2014–2015 states that $7.9 Million has been allocated to continue development in the Midland Precinct, including development of the Midland Workshops in line with the Midland Master Plan, will the Minister advise: (a) is any of the money going to be spent on reopening the Railway Interpretive Centre; (b) if yes, how much is allocated and for what purpose; (c) will the Minister provide a breakdown of how the money is being spent; (d) will any funds be spent on preserving the history of the Midland Railway Workshops; (e) if yes, how much is allocated and for what purpose; and (f) if not, why not? (11) Given that Midland also services the Perth Hills and Avon regions will the Minister advise what activities the MRA is undertaking to stimulate investment in Midland and how much have those activities cost to date?
AnswerView source ↗
Answered
21 April 2015
Responded by
Minister for Planning
Response time
33 days
(1) $41.2 million
(a) $15.7 million in developer contributions and $41.2 million of land sales. Other operational costs do not form part of sales revenue.
(b) A projected loss of $24.7 million.
(2) Based on figures as reported in the 2014-15 Mid-Year Review, the MRA's land acquisition and capital expenditure in 2014-15 is:
(a) $30.9 million (Armadale and Wungong)
(b) $197.1 million (Central Perth)
(c) $17.4 million (Midland)
(d) $5.4 million (Scarborough)
(3) Not applicable.
(4) The completion of the refurbishment of the Armadale office building and minor IT software additions.
(5) $2.2 million in 2014-15.
(6 - 7) These figures are in the process of being finalised for the 2015-16 State Budget.
(8) The MRA will receive $318.3 million in capital appropriations to fund the Elizabeth Quay project. It is estimated that $170 million will be recouped by Government from sales revenues.
(9) The recording of costs is not allocated discretely to the break down requested.
(10) (a) At this stage, no funds have been allocated to the reopening of the Railway Interpretive Centre.
(b) Not applicable.
(c) The $7.9 million expenditure incorporates the Railway Square Stage 1A landscape works, remediation earthworks, development of the Midland Master Plan, place management and operational expenses and project funding costs.
(d) Heritage is a fundamental element of the Midland redevelopment project and is embedded in all capital expenditure. For example, the design of Railway Square, including Stage 1A works complete in time for ANZAC Day 2014, incorporates interpretative heritage elements design to speak to the history of the Midland Railway Workshops. In addition, the MRA undertakes ongoing maintenance of the Railway workshop buildings to ensure their ongoing conservation whilst planning for their future adaptive re-use.
(e-f) Please refer to part (d)
(11) The Midland Masterplan includes economic development and place activity strategies which will further guide future development and investment opportunities and activities.
(a) $15.7 million in developer contributions and $41.2 million of land sales. Other operational costs do not form part of sales revenue.
(b) A projected loss of $24.7 million.
(2) Based on figures as reported in the 2014-15 Mid-Year Review, the MRA's land acquisition and capital expenditure in 2014-15 is:
(a) $30.9 million (Armadale and Wungong)
(b) $197.1 million (Central Perth)
(c) $17.4 million (Midland)
(d) $5.4 million (Scarborough)
(3) Not applicable.
(4) The completion of the refurbishment of the Armadale office building and minor IT software additions.
(5) $2.2 million in 2014-15.
(6 - 7) These figures are in the process of being finalised for the 2015-16 State Budget.
(8) The MRA will receive $318.3 million in capital appropriations to fund the Elizabeth Quay project. It is estimated that $170 million will be recouped by Government from sales revenues.
(9) The recording of costs is not allocated discretely to the break down requested.
(10) (a) At this stage, no funds have been allocated to the reopening of the Railway Interpretive Centre.
(b) Not applicable.
(c) The $7.9 million expenditure incorporates the Railway Square Stage 1A landscape works, remediation earthworks, development of the Midland Master Plan, place management and operational expenses and project funding costs.
(d) Heritage is a fundamental element of the Midland redevelopment project and is embedded in all capital expenditure. For example, the design of Railway Square, including Stage 1A works complete in time for ANZAC Day 2014, incorporates interpretative heritage elements design to speak to the history of the Midland Railway Workshops. In addition, the MRA undertakes ongoing maintenance of the Railway workshop buildings to ensure their ongoing conservation whilst planning for their future adaptive re-use.
(e-f) Please refer to part (d)
(11) The Midland Masterplan includes economic development and place activity strategies which will further guide future development and investment opportunities and activities.
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