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Tuesday, 9 October 2012
Page: 11728

Road Infrastructure

(Question No. 1017)

Mr Fletcher asked the Minister for Infrastructure and Transport, in writing, on 28 May 2012:

In respect of a recent radio interview by Adam Spencer (ABC Radio, 9 May 2012) on the funding available for the F3 to M2 link in which he indicated that, $25 million had been provided in the Budget for a special purpose vehicle and $150 million had been provided in the Budget for a potential incentive, can he (a) confirm and elaborate on these commitments, and (b) indicate where the details appear in the 2012-2013 Budget papers or in other statements by the Government.

Mr Albanese: The answer to the honourable member's question is as follows:

(a) The Australian Government committed up to $25 million in 2012-13, contingent on a matching contribution by the NSW Government, for a Special Purpose Vehicle to develop the M5 East and F3 to M2 projects to allow them to be taken to market. $150 million remains committed in the 2015-16 financial year for planning of the F3 to M2 project.

(b) The Australian Government's commitment can be found in the Nation Building Program publications on the Department's website.