April 15, 2015
East West Link – It’s over, well for now, until some bright spark pulls the plans again out of a drawer somewhere.
And here are forty+ documents comprising the East West Link Contracts Hours of reading fun for the whole family!
Media Release: Labor Government Secures $339m Agreement On East West Wednesday 15 April 2015
Premier Daniel Andrews and Treasurer Tim Pallas today announced that the Labor Government and the East West Link consortium have reached a good faith agreement that puts the interests of Victorians first.
Under the Heads of Agreement, signed today, the $10.7 billion East West Link will not proceed and no compensation will be paid to the consortium.
Under the agreement, the State will purchase the companies in the consortium (‘EWL Project Co’) for one dollar. All assets owned by Project Co will transfer to the State. More in link.
Media Release: O’Brien’s Side Deal A $1.2 Billion Poison Pill For Victoria Wednesday 15 April 2015
In a desperate act of economic sabotage, former Liberal Treasurer Michael O’Brien tried to blackmail Victorians into paying for a tunnel that they didn’t vote for. This has come at a significant cost – to his own credibility, and our whole state.
The previous Liberal Government incurred a $339 million bill for the East West Link’s initial costs. These funds have already been spent, cannot be retrieved, and Michael O’Brien is responsible.
Today, as promised, Treasurer Tim Pallas also released the contract between the East West Connect consortium and the State of Victoria, which was signed by the previous Liberal Government on September 29, 2014. More in link.