Another Cradle Cableway Cost Blowout
On Monday, the Premier announced the Liberals are seeking a 80/20 funding split between the Federal and State governments respectively, and that the ask from Canberra is $180m.
On Monday, the Premier announced the Liberals are seeking a 80/20 funding split between the Federal and State governments respectively, and that the ask from Canberra is $180m.
The Cradle Mountain cableway was originally costed at $60 million. It was later revealed when the business case for the cableway was released via RTI, that as of April 2023, the cost would be $190 million. You stated in the tourism committee that the state would contribute $30 million and you've requested an additional $30 million from the federal government. You also stated a new business case is being produced. Will this new business case be able to deliver a radically altered project, or will you be seeking private funding to cover the $130 million shortfall?
Could I just jump in here about clarity on that funding? The latest business case that was RTI'd in April 2023 said that costs were at $190 million for the cableway.
Is there a business case and can you explain why the projected costs of the project have gone from $60 million to $190 million?
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