❓ Hon Tom Stephens questions the Premier regarding the financial decision-making process and tender evaluation for the proposed convention centre, specifically the $100m state contribution. The Premier's response clarifies the involvement of Treasury and the basis for the $100m figure.
AnsweredQoN 951Legislative Council
QuestionView source ↗
951. Hon Tom Stephens to the Leader of the House representing the Premier:
With reference to the process for the selection of the proposed convention centre, I ask -
(1) Was Treasury or any other Government agency consulted as to the amount of money the State should contribute to the convention centre project?
(2) How was the sum of $100m arrived at?
(3) Were the reports of each of the committees, which judged each of the tenderers submissions, examined and adjusted by the head of the WA Tourism Commission?
With reference to the process for the selection of the proposed convention centre, I ask -
(1) Was Treasury or any other Government agency consulted as to the amount of money the State should contribute to the convention centre project?
(2) How was the sum of $100m arrived at?
(3) Were the reports of each of the committees, which judged each of the tenderers submissions, examined and adjusted by the head of the WA Tourism Commission?
AnswerView source ↗
Answered
23 November 2000
Response time
37 days
The Minister Replied:
(1) This was a Cabinet decision taken during the annual budgetary process and as such had the usual input from Treasury and other agencies.
(2) Based on cost estimates provided in the Pannel Kerr Forster study of 1994 and a further report undertaken by PriceWaterhouse in 1998, the figure of $100m was determined to be the difference between the cost of a world class convention facility for WA and the amount the estimated cash flow of a convention centre would service.
The WATC then prepared a process to attract private sector investment in a convention and exhibition centre. This was an expression of interest process whereby the private sector was canvassed for their best offer in response to a Government incentive capped at $100m, and potentially freehold land.
All repondents to the EOI sought the entire $100m and land.
(3) No.
(1) This was a Cabinet decision taken during the annual budgetary process and as such had the usual input from Treasury and other agencies.
(2) Based on cost estimates provided in the Pannel Kerr Forster study of 1994 and a further report undertaken by PriceWaterhouse in 1998, the figure of $100m was determined to be the difference between the cost of a world class convention facility for WA and the amount the estimated cash flow of a convention centre would service.
The WATC then prepared a process to attract private sector investment in a convention and exhibition centre. This was an expression of interest process whereby the private sector was canvassed for their best offer in response to a Government incentive capped at $100m, and potentially freehold land.
All repondents to the EOI sought the entire $100m and land.
(3) No.
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