Home›Questions on Notice›QoN 5634

❓ Question regarding the financial implications of the Fremantle Port privatisation, specifically concerning debt, the Port Improvement Rate, and funding for the Outer Harbour development. The question was referred to the Treasurer.

AnsweredQoN 5634Legislative Assembly

Asked

30 June 2016

Member

Mr W.J. Johnston

Portfolio

Transport

QuestionView source ↗

I refer to the proposed privatisation of the Fremantle Port, and I ask: (a) how much debt is currently held by the Fremantle Port Authority in relation to the Inner Harbour Deepening Project; (b) how much longer is required for the current Port Improvement Rate to fully pay down this debt at the currently collection rate; (c) is it the intention of the Government to bring this debt back onto the General Government sector balance sheet at the time of the proposed sale, as advised to the Opposition during the Treasury briefing; (d) is it the intention of the Government to cancel this Port Improvement Rate on port users at the time of the proposed sale, as advised to the Opposition during the Treasury briefing; (e) is it the intention of the Government to introduce a new Port Improvement Rate, at the same level of the existing Port Improvement Rate, to be held in trust by the State (through the residual Fremantle Port Authority) for the exclusive use of developing the Outer Harbour Container Terminal as the natural capacity for the Inner Harbour is reached, as advised to the Opposition during the Treasury briefing; and (f) is it the policy of the Government that users of the Fremantle Inner Harbour should be making a financial contribution to the construction of the future Outer Harbour Container Terminal: (i) if yes, has this regulatory mechanism been discussed with the Economic Regualtion Authority?