Treasury predicts massive canal blowout
Matt Liddy points out that the WA Treasury has serious doubts about the $2 billion price tag on Colin Barnett’s canal:
WA Treasury has taken a look at the canal proposal and found that estimates that it will cost $2 billion are a gross underestimation. Treasury also found all figures relating to the project came from Tenix and haven’t been subject to full independent analysis.
Treasury says the cost has been “greatly underestimated,” that “discussions with Tenix would suggest their proposal is not based on thorough research,” and “the Tenix proposal could place the State’s triple-A credit
rating at risk” (pdf).
Colin Barnett replied by saying Treasury can’t be trusted, because they took only 24 hourse to produce the advice — but he’s wrong. The Tenix proposal has been floating around since November, and the Government has already considered the plan and ordered an independent review. Treasury would have been in discussions with Tenix last year, so working up a briefing note from their file would be no trouble at all.
Barnett has no credibility on this issue.
Barnett is like Father Xmas, promises everything, but can’t deliver
And the moron is an Economist for fucksake !!!!
I think Dickie was right when he tried to parachute Julie bishop to replace the bumbling fool !!!!
Canal vs Desalination
The issue that has dominated the WA election campagin is Colin Barnett’s canal plan… Here are all the posts pertaining to the debate, I will update this list as we go…
arggggghhhhh i have to do an assignment on this and im lost!