❓ Mr. Graham questions the funding source and allocation of funds for a program, specifically inquiring about spending in the North West, responsible parties, and commencement dates. The answer details funding for a bulk unloader at Fremantle Ports in Kwinana.
AnsweredQoN 455Legislative Assembly
QuestionView source ↗
(b) if the funds are from consolidated revenue, what funds are to be spent on similar programs in the North West of the State; (c) in which towns and communities will the funds be spent; (d) who will be responsible for administering the funds; and (e) when will the programs commence operation in each town referred to above?
(c) in which towns and communities will the funds be spent; (d) who will be responsible for administering the funds; and (e) when will the programs commence operation in each town referred to above?
(d) who will be responsible for administering the funds; and (e) when will the programs commence operation in each town referred to above?
(e) when will the programs commence operation in each town referred to above?
(c) in which towns and communities will the funds be spent; (d) who will be responsible for administering the funds; and (e) when will the programs commence operation in each town referred to above?
(d) who will be responsible for administering the funds; and (e) when will the programs commence operation in each town referred to above?
(e) when will the programs commence operation in each town referred to above?
AnswerView source ↗
Answered
25 February 2003
Responded by
Minister for Planning and Infrastructure
Response time
131 days
(a)-(e) In 2001 Fremantle Ports borrowed $10 million from the Western Australian Treasury Corporation to fund the acquisition of a new bulk unloader at Fremantle Ports Bulk Cargo Jetty in Kwinana. The remaining $0.7 million was funded from internal funds held by Fremantle Ports.
Fremantle Ports will repay the borrowings although an equity contribution is to be made for the after tax cost of an interest only loan of $5 million until such time as third party usage is sufficient to repay this.
Fremantle Ports will repay the borrowings although an equity contribution is to be made for the after tax cost of an interest only loan of $5 million until such time as third party usage is sufficient to repay this.
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