Home›Questions on Notice›QoN 1610

❓ Mr. Ainsworth requests details on government valuations for CBD building acquisitions. The Minister provides a general overview of the valuation process and estimated cost but declines to disclose further details due to ongoing negotiations.

AnsweredQoN 1610Legislative Assembly

Asked

3 June 2003

Member

Mr R.A. Ainsworth

Portfolio

Planning and Infrastructure

QuestionView source ↗

I refer to page 815, New Works-Acquisition of land and ask will the Minister provide details of any valuations carried out on behalf of the Government on the required CBD buildings?

AnswerView source ↗

Answered

17 June 2003

Responded by

Minister for Planning and Infrastructure

Response time

14 days

The valuations have been undertaken in accordance with the relevant compensation provisions of the Land Administration Act 1997, which will form the basis for compensation payments after negotiation and/or compulsory acquisition. These valuations estimate that the cost of acquisition will be approximately $38 million, which includes land value and all applicable compensation entitlements including compensation for both the property owners and businesses. Given that negotiation with land owners and tenants is currently in progress, it is not appropriate that further details of the valuations be disclosed.

View on Parliament of WA