Monday 12 January 2015

UNFUNDED ROAD PROMISES RELY ON DOUBTFUL ASSET SALES

Media Release


Shadow Transport Minister, Jackie Trad, says the Newman Government is misleading Queenslanders by claiming major new roads projects announced today are “fully funded”.
“There is no funding available for any project or promise that rely on asset sales,” Ms Trad said.
“The Premier himself has placed a cloud of doubt over the proceeds from asset sales which means there is no certainty about any promise he makes."
“Campbell Newman spent the past year saying we have no choice but to sell assets but now says there might not be a buyer."
“His whole plan depends on privatisation and he has no plan B. Without asset sales he can’t fund any of his promises."
“In New South Wales assets such as power generators have been withdrawn from sale because buyers didn’t want them."
“The same could happen here in Queensland"
“That’s why we have to question the competence of any government that seeks to sell assets generating $2 billion a year in returns to taxpayers just to give the Premier a quick political fix in an election campaign."
“The Premier himself has admitted he cannot deliver on his promises if asset sales do not proceed or expected returns fall short."
“Once again, how can he truthfully claim any of his election promises are ‘fully funded’?
“None of his promises relying on asset sales can be believed because the money for them simply doesn’t exist,” Ms Trad said.
She said Labor would retain state assets and the $2 billion-a-year returns they delivered to the State Budget.

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