❓ Mr. Kelly questions the Water Corporation on how it will achieve $259 million in savings from its Asset Investment Program, requesting details on affected projects, allocated funding, and savings per project across forward estimates. The answer provides a breakdown of savings components and their impact across the AIP.
AnsweredQoN 1917Legislative Assembly
QuestionView source ↗
I refer to page 7 of the 2013–2014 Mid Year Review, and ask, can you please outline how the Water Corporation will achieve the budgeted $259 million of savings from its Asset Investment Program across the forward estimates, including: (a) the name of the projects affected; (b) the funding allocated to each of these projects in the 2013–2014 Budget; and (c) the savings to be made from each project in 2013–2014, 2014–2015 and 2015–2016?
AnswerView source ↗
Answered
2 April 2014
Responded by
Minister for Water
Response time
35 days
(a) The $259 million consists of the following components:
· Change in escalation rates ($146 million)
· Capital efficiency initiatives ($113 million)
Each of these components reduces the cost of all projects, without affecting the scope of what is being delivered.
(b) These changes apply equally to all projects in the Asset Investment Program (AIP), the funding allocated to the AIP in the 2013-2014 State Budget was $999.9 million.
(c) The impact of these initiatives across the AIP for the forward estimates is shown below:
2013/14
$M
2014/15
$M
2015/16
$M
Change in escalation rates
$16
$31
$44
Capital efficiency initiatives
$0
$38
$37
Total
$16
$69
$81
· Change in escalation rates ($146 million)
· Capital efficiency initiatives ($113 million)
Each of these components reduces the cost of all projects, without affecting the scope of what is being delivered.
(b) These changes apply equally to all projects in the Asset Investment Program (AIP), the funding allocated to the AIP in the 2013-2014 State Budget was $999.9 million.
(c) The impact of these initiatives across the AIP for the forward estimates is shown below:
2013/14
$M
2014/15
$M
2015/16
$M
Change in escalation rates
$16
$31
$44
Capital efficiency initiatives
$0
$38
$37
Total
$16
$69
$81
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