Western Australia Minister for Planning John Day
State Budget 2010-11: $21.5 Million For Perth Waterfront Project
Victor P Taffa
The Western Australia State Government has reaffirmed its decision to make the Perth Waterfront Project a reality with the allocation of $21.5 Million over the next four years.
The Government believes prudent financial management and strong economic growth provides the foundation for long-term economic growth in Western Australia.
Planning Minister John Day said the $21.5 Million would fund the essential planning and approvals elements of the project.
“The majority of these funds will be spent in the next two financial years to meet construction commencement deadlines, with building due to start in late 2012.” Mr. Day said.
“Some funding will be spent post-construction commencement, on project management; planning and approvals; environmental monitoring and reporting; and compliance.”
“I am proud that this Government is turning the Waterfront Project into a reality. We have prepared a realistic and deliverable masterplan; developed a preliminary project business case; and allocated funding for detailed design, technical investigations, statutory approvals and private sector procurement.” Mr. Day said.
The Perth Waterfront development will cover nearly 10ha, focused between Barrack and William streets, with a 2.8ha inlet centrepiece to bring the river back to near its original banks.
“This project will ensure the best outcome for the city, its residents, CBD workers and visitors by integrating the waterfront amenity with recreational, entertainment, tourism, commercial and residential activities.” the Minister said.
“With the Perth City Link, development of the Cultural Centre and other CBD projects, the Liberal-National Government has a comprehensive plan to revitalise Perth and its surrounds.” Mr. Day said.
The preferred master plan for the Perth Waterfront Redevelopment Project was publicly released in December 2009 and the Government will soon consider a detailed business case for future funding requirements.