Re: No speedrail, Badgerys creek or Kurnell

[dbromage@fang.omni.com.au (David Bromage)]

Dave Proctor (daproc@spambait.ozemail.com.au) wrote:
> "david" <david@gwmail.nmit.vic.edu.au> wrote in message
> 3A36D88F.4E6E8D0C@gwmail.nmit.vic.edu.au">news:3A36D88F.4E6E8D0C@gwmail.nmit.vic.edu.au...

> > ps wasn't the project  privetly funded to a extent that they wanted the
> > extra funds from the government - and that was what they rejected ?

> It was going to be privately funded, but with tax concessions from the
> government. This would not have involved any outlay by the government,
> merely a non-receipt of some taxation revenues.

Which would have been recouped in other ways such as employment. The
government formula for calculating returns on Commonwealth money only
includes direct financial returns, and does not take into account social
returns or avoiding having to spend money elsewhere.

Cheers
David