2012-13 Government Mid-year Financial Projections Statement

2012-13 Government Mid-year Financial Projections Statement2012-13 ASSET INVESTMENT PROGRAMFigure 6Other agencies$116m(1.6%)LandCorp$384m(5.2%)Education$608m(8.3%)Corrective Services$174m(2.4%)Health$1,141m(15.6%)TOTAL$7,323mWater Corporation$1,004m(13.7%)Public TransportAuthority$570m(7.8%)Main Roads$778m(10.6%)Electricity utilities$1,448m(19.8%)Housing Authority$1,101m(15.0%)2013-14 to 2015-16The total public sector Asset Investment Program is forecast to be $1.3 billion higheracross the outyears than forecast at the time of the 2012-13 Budget. This increasereflects:the $258 million increase in general government sector infrastructure spendingdiscussed earlier; andan additional $1.1 billion in spending by public corporations, mainly reflecting:a $1.0 billion increase in land and property development work conducted by theHousing Authority, reflecting movements in demand and the housing market andthe planned continuation of the SharedStart Affordable Housing expression ofinterest program (with this increase largely matched by higher projected sales ofland and affordable housing stock);construction of a new passenger train station, associated minor bus interchange,and a 2,000 bay car park at Aubin Grove. Expenditure of $71 million will includethe purchase of an additional two three-railcar sets to meet the resultant increasedtravel demand associated with the station;a further $69 million in 2013-14 (following $69 million in 2012-13, noted above)to facilitate the development of a new power station in South Hedland;a further $85 million for transport infrastructure to support the stadium; and26