IN the wake of yesterday’s scathing assessment of Capital Metro in the Financial Review Simon Corbell has today released a review of the business case, which he’s been sitting on since October 2014.
“Prior to the public release of the business case, Capital Metro Agency engaged academic reviewer, Professor Derek Scrafton from University of South Australia, who has extensive experience in the public transportation field, to provide independent, high level advice on the appropriateness of the methodology adopted in the document,” Simon said.
“The ACT Government has been committed to openness and transparency throughout the light rail project and while the independent review was primarily undertaken for internal purposes, it seems appropriate to release it publicly now to add to the current conversations about the business case.
“Professor Scrafton’s review confirms that the methodology used in the business case is sound and that the document overall contains sufficient details and makes realistic conclusions and recommendations.
“It concludes that the business case is fit for the purpose for which it was prepared, uses appropriate and realistic methodologies in the analytical sections and follows guidelines which are recommended and approved by national organisations.”
“Professor Derek Scrafton is the Professor of Transport Policy and Planning at the University of South Australia and has 50 years direct experience in transport planning, research, regulation, finance, construction and operation.
“The first stage of Capital Metro has also been approved by the Federal Government, which determined the project was a suitable, productive infrastructure project to receive $60 million dollars from the Commonwealth’s asset recycling scheme.”
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