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Monday, 10 November 1997
Page: 8666
<ANSWER.TO.QWN>


Senator Brown asked the Minister representing the Treasurer, without notice, on 22 September 1997 (Official Hansard page 6557):

Is the structure and financing of Sydney's eastern distributor similar to that of the M2.


Senator Kemp —The Treasurer has provided the following information in response to the honourable senator's question:

Both of these projects form part of the NSW road network, for which that State has responsibility, and I am advised that neither the Department of the Treasury nor the Department of Transport and Regional Development are party to information on the structure and financing of the eastern distributor. However, I understand that the Australian Securities Commission (ASC), a Treasury portfolio agency, does have information on the structure and financing of the eastern distributor, given that it is one of the investments of The Infrastructure Trust of Australia Group, which is a listed entity. That entity lodged a prospectus with the ASC in October 1996 and also discloses under the continuous disclosure obligations applying to listed entities. With relevant material being publicly available, the honourable senator may care to either access the ASC and/or Australian Stock Exchange databases, or take up this matter with the NSW Government.

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