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FACT SHEET
CONSOLIDATED FUND APPROPRIATION (SUPPLEMENTARY
APPROPRIATION FOR 2007-2008) BILL 2008
· As part of the 2007-08 Budget, I announced that three non-core
government businesses the Hobart International Airport Pty Ltd, Printing
Authority of Tasmania, and Southern Regional Cemetery Trust would be
sold and the proceeds directed towards critical infrastructure investment.
· The Consolidated Fund Appropriation (Supplementary Appropriation for
2007-2008) Bill 2008 facilitates the funding of critical infrastructure
investment including:
the establishment of a $312.9 million Infrastructure Tasmania Fund,
funded by the net proceeds from the sale of the Hobart Airport and
the Printing Authority. This Fund will be used to progress a range of
infrastructure projects such as the transport hub and irrigation
projects;
a $75 million contribution to the $900 million Hospitals Capital
Fund, which will provide funding for health infrastructure in
Tasmania's major public hospitals including the redevelopment of
the new Royal Hobart Hospital;
a $60.0 million investment to fund public housing in Tasmania. The
$60 million allocation will be used to increase the supply of public
housing and reduce public housing waiting lists; and
the provision of $25.2 million to the Tasmanian Risk Management
Fund for the replacement of the Bridgewater High School.
· In addition, the Consolidated Fund Appropriation (Supplementary
Appropriation for 2007-2008) Bill 2008 also facilitates:
an appropriation of $5.9 million to the Department of Health and
Human Services for the conversion of existing LPG appliances and
hot water heaters to natural gas, and the installation of a co-
generation plant and purchase of a Magnetic Resonance Imaging
unit for the Launceston General Hospital; and
recurrent appropriation of $3.25 million to the Department of
Primary Industries and Water, to assist farmers and communities
suffering from the drought.