Question regarding the funding, business case development, and equity contribution for the Ocean Reef marina project, following a media release announcing progress. The answer provides limited details, stating a summary business case is being developed and referring back to previous answers.

AnsweredQoN 4046Legislative Assembly
Asked
13 September 2018
Portfolio
Transport

QuestionView source ↗

I refer to the media release dated 27 March 2018 titled Agreement brings Ocean Reef marina closer, and I ask: (a) did the funding for $120 million include funding for the preparation of a business case; (b) has a business case for this project been developed; (c) if yes to (b), will the Minister table the business case and if not, why not; (d) if no to (b) will a business case be prepared and if not, why not; (e) did the Government provide an equity contribution to Landcorp for the Ocean Reef marina and if so, how much was the equity contribution; (f) if yes to (e) did Lancorp request the equity contribution and on what basis; (g) if no to (e) why was an equity contribution provided to Landcorp; and (h) what is the expected total cost of the Marina?

AnswerView source ↗

Answered
20 November 2018
Responded by
Minister for Transport
Response time
16 days
(a) The allocation was an election commitment.
(b)-(c) A summary Business Case is being developed.
(d) Not applicable
(e) The Government commitment is for $120 million in funding to support the project.
(f) Not applicable
(g) The member may wish to revisit the wording of this question.
(h) Refer to (b)-(c)

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