No plans for EastLink takeover: Baillieu


The Victorian Government has no money to take over Victoria’s longest tollway

By Ruza Zivkusic | August 9, 2011

The Victorian Government has no money to take over Victoria’s longest tollway, Premier Ted Baillieu says.

Speaking on ABC Radio today, Baillieu says the government is not considering taking control of the tollway. A deal currently proposed could see multinational investment firm CP2 replace ConnectEast as owner and operator of EastLink.

"We don’t have money to throw around lightly and we have to ensure that we are as productive as possible, so I don’t think it is a proposition we will be looking at nor has it been suggested to us by ConnectEast," Baillieu says.

"You might recall that the previous government promised that it wouldn’t be tolled but it has been tolled. The numbers as I understand on EastLink have started to improve."

Brian Negus from the RACV says there is no reason for the government to take over EastLink as it has other urgent tasks to complete.

"We think there are many, many priorities for the state government to concentrate on," he says.

"Our transport plan proposal with the two freeway gaps of the east-west link and the north-east link and the metro rail tunnel and Melbourne Airport air-link is where the state government should be concentrating its resources."

The 39km road was opened by the former Brumby Government three years ago to link Donvale with Frankston.

The bid is expected to be approved at a meeting of shareholders next month and must win the approval of the State Government, the Victorian Supreme Court and Foreign Investment Review Board.

EastLink’s traffic revenue for July is $629,277 – up by 6.3 percent from the previous year.

Average daily trips have also increased by 4.6 percent in the same period, with average workday trips also up by 6.2 percent, with a total of 211,513 trips.


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