Andrews Government settles the East West Link contracts

15 April 2015: Andrews Government settles the East West Link contracts – Victorian news coverage from Ten, Seven, Nine &
ABC News. Plus some bonus subtitles, if you’re quick.


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.

East West compo threat ‘trashing state reputation’

The Australian: East West compo threat ‘trashing state reputation’ Rick Wallace The Andrews government has stuck by its threat to legislate to nullify compensation for the ­cancellation of the East West Link project amid fresh attacks from state and federal Coalition frontbenchers over sovereign risk and the state’s international ­reputation. Treasurer Tim Pallas was yesterday forced to defend the government amid revelations in The Australian that the governments of Spain and France had complained about the cancellation of the project on behalf of bidders Acciona and Bouygues. “Obviously when matters of diplomatic moment are raised, they have to be taken seriously,” Mr Pallas said. “They might not like the way that we’re proceeding about it, but I make no apology for protecting the interests of the Victorian taxpayer.” He continued yesterday to insist that a deal to end the dispute with the consortium over compensation was close and would be concluded before the budget on May 5. Mr Pallas did not rule out ­legislating to nullify any right to compensation for the consortium members Bouygues, Acci­ona, Lend Lease and Capella Capital. Opposition Leader Matthew Guy said comments from Spain and France made it clear that the government had trashed the state’s reputation as a safe place to ­invest. The federal Assistant Minister for Infrastructure, Jamie Briggs, said the complaints from the two governments showed the damage the government was doing to the state’s reputation.
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