Hon Sue Ellery, on behalf of Hon Ken Travers, asks about the extent to which specific transport infrastructure projects are funded by borrowings. Hon Simon O'Brien confirms the projects are funded via borrowings, citing the state's AAA credit rating as evidence of repayment capacity.

AnsweredQoN 720Legislative Council
Asked
6 September 2011
Portfolio
Transport

QuestionView source ↗

TRANSPORT INFRASTRUCTURE — FUNDING
I ask this question on behalf of Hon Ken Travers who is out of the chamber on urgent parliamentary business. How much of the cost of each of the following projects is funded by borrowings — (a) the $240 million extension of the railway line to Butler; (b) $50 million on new car bays on Joondalup and Mandurah rail lines; and (c) $164 million for new railcars? Hon SIMON O’BRIEN

AnswerView source ↗

I thank the honourable member for notice of the question. The projects outlined are funded via borrowings, which the Liberal–National government has the capacity to repay, as is evidenced by the state’s AAA credit rating.
How much of the cost of each of the following projects is funded by borrowings — (a) the $240 million extension of the railway line to Butler; (b) $50 million on new car bays on Joondalup and Mandurah rail lines; and (c) $164 million for new railcars? Hon SIMON O’BRIEN replied: I thank the honourable member for notice of the question. The projects outlined are funded via borrowings, which the Liberal–National government has the capacity to repay, as is evidenced by the state’s AAA credit rating.
(b) $50 million on new car bays on Joondalup and Mandurah rail lines; and (c) $164 million for new railcars?
(c) $164 million for new railcars?
I thank the honourable member for notice of the question. The projects outlined are funded via borrowings, which the Liberal–National government has the capacity to repay, as is evidenced by the state’s AAA credit rating.
The projects outlined are funded via borrowings, which the Liberal–National government has the capacity to repay, as is evidenced by the state’s AAA credit rating.

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