This parliamentary question seeks information on the monetary value placed on land related to the Fremantle Eastern Bypass (FEB) by the WA Planning Commission in a 2003 study, including the assumptions used to determine that value.

AnsweredQoN 1244Legislative Council
Asked
11 September 2003
Portfolio
Planning and Infrastructure

QuestionView source ↗

(1) Did the WA Planning Commission in its study, Assessment of the Fremantle Eastern Bypass and the Preferred Alternative 2003, place a monetary value on the land currently under Fremantle Eastern Bypass highway reserve?
(2) If yes, what was that value?
(3) What assumptions was that value based on?

AnswerView source ↗

Answered
15 October 2003
Responded by
Parliamentary Secretary representing the Minister for Planning and Infrastructure
Response time
34 days
(2) The land remaining to be acquired for the FEB (from High Street to Rollinson Road, inclusive) was estimated to cost in the order of $24 million. Sale of the land already acquired for the FEB was estimated to yield in the order of $22 million. (3) The consultants estimated land costs using typical per hectare values for developed and undeveloped examples of the relevant type of land use (eg. residential, industrial). The estimated yield from sale of land was based on the residential densities and other uses proposed for this land and typical land values for this area.
(3) The consultants estimated land costs using typical per hectare values for developed and undeveloped examples of the relevant type of land use (eg. residential, industrial). The estimated yield from sale of land was based on the residential densities and other uses proposed for this land and typical land values for this area.

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