Labor squandering windfall

ACT Labor is squandering a Commonwealth cash bonus on light rail, Shadow Minister for Planning and Infrastructure Alistair Coe said today.

“The Coalition’s asset recycling scheme provides a bonus for governments which privatise assets and spend the proceeds on infrastructure. As the ACT government is selling assets and constructing light rail, they qualify for the generous scheme,” Mr Coe said.

“It is unfortunate that the only infrastructure project the ACT government nominated is light rail.

“Treasurer Joe Hockey has highlighted the controversy and concern around light rail but noted that it is still infrastructure, and therefore qualifies for the generous scheme.

“The Coalition government’s gift to the ACT could have been spent on any number of projects, such as road upgrades, bus infrastructure, or a convention centre. However, given the ACT has no such projects planned, light rail was the only option.

“I commend the Commonwealth government for its gift to Canberra but lament that the ACT government is squandering it on light rail,” Mr Coe concluded.