News Gabba Upgrade & Olympics News

[Section 5]

Key points:

• expect to save $1.4B through improved productivity
• savings will be reinvested into venues
• review board to be appointed within 2 weeks
• review handed down by March 12

He is still in opposition leader election mode.
He will soon realize the actual opposition now Labor will use this sort of rubbish against him when he can't deliver it.
The Olympic state budget is $3.5 billion. How will he save $1.4 billion off that with improved productivity.
Can't read the article so probably more detail

If he is talking about outside the Olympic budget, he would easily be able to find $5-$6 billion to do the Olympics from just about anywhere if he wanted to.
Crisafulli just cancelled the Burdekin Hydo project because the costs blew out to $36 billion
He has now gone with a smaller option of between $22- $28 billion at the same site

 

[Johnny Bananas]

He is still in opposition leader election mode.
He will soon realize the actual opposition now Labor will use this sort of rubbish against him when he can't deliver it.
The Olympic state budget is $3.5 billion. How will he save $1.4 billion off that with improved productivity.
Can't read the article so probably more detail

He's claiming the $1.4b saving is from the full $7.1b funding, presumably including the federal and IOC contributions.

This reads like a propaganda piece anyway, I doubt it'll actually save that much in reality. Governments of all sides have a habit of overestimating benefits and underestimating costs.

Crisafulli just cancelled the Burdekin Hydo project because the costs blew out to $36 billion
He has now gone with a smaller option of between $22- $28 billion at the same site

He has? Do you have a link to this please? I didn't read this story and can't seem to find it from searching.

 

[Section 5]

He's claiming the $1.4b saving is from the full $7.1b funding, presumably including the federal and IOC contributions.

This reads like a propaganda piece anyway, I doubt it'll actually save that much in reality. Governments of all sides have a habit of overestimating benefits and underestimating costs.

Yes, probably just saying how great they are compared to Labor without actually having to build anything.
Hopefully there are not many blowouts, and inflation eases but even before the recent big spikes in inflation projects always cost more than projected.

The feds are just Brisbane Arena $2.5 billion. They can't use the money for anything else without changing the agreement.
Catherine King (fed ALP) said she won't change the agreement as things have progressed too far.
Very strange it has progressed that far without a suitable validation report.
Minor venues split 50/50.

Get rid of BA and they will be fine. I am hoping the validation report comes in at $3 billion.
Splitting the funding was mentioned for a few days, got canned quickly for some reason. Very dodgy is the BA venue.
He may be able to save heaps by going to another site for BA but that has nothing to do with productivity.

The IOC funding is based on a formula, and it has to do with media deals, ticket sales, sponsors etc etc
It is revenue based so not included in the $7.1 billion budget for venue infostructure funding

 

[Johnny Bananas]

Yes, probably just saying how great they are compared to Labor without actually having to build anything.
Hopefully there are not many blowouts, and inflation eases but even before the recent big spikes in inflation projects always cost more than projected.

The feds are just Brisbane Arena $2.5 billion. They can't use the money for anything else without changing the agreement.
Catherine King (fed ALP) said she won't change the agreement as things have progressed too far.
Very strange it has progressed that far without a suitable validation report.
Minor venues split 50/50.

Get rid of BA and they will be fine. I am hoping the validation report comes in at $3 billion.
Splitting the funding was mentioned for a few days, got canned quickly for some reason. Very dodgy is the BA venue.
He may be able to save heaps by going to another site for BA but that has nothing to do with productivity.

The IOC funding is based on a formula, and it has to do with media deals, ticket sales, sponsors etc etc
It is revenue based so not included in the $7.1 billion budget for venue infostructure funding

I don't trust any side of politics to tell the unvarnished truth. Each major party will use their own accounting tricks and spin in whatever manner makes themselves sound good or the other party sound worse.

Unsure if you saw my question about the hydro project above.

 

[Chucky_23]

He is still in opposition leader election mode.
He will soon realize the actual opposition now Labor will use this sort of rubbish against him when he can't deliver it.
The Olympic state budget is $3.5 billion. How will he save $1.4 billion off that with improved productivity.
Can't read the article so probably more detail

If he is talking about outside the Olympic budget, he would easily be able to find $5-$6 billion to do the Olympics from just about anywhere if he wanted to.
Crisafulli just cancelled the Burdekin Hydo project because the costs blew out to $36 billion
He has now gone with a smaller option of between $22- $28 billion at the same site

I think the $1.4billion saving might be based on the scrapping of Best Practice Industry Conditions. BPIC was a sweet union deal but did cost taxpayers quite a lot. It would have applied to all Olympics infrastructure builds

(https://www.abc.net.au/news/2024-11...itions-bpic-explained-union-workers/104601464)

 

[Hollow Knight]

At the risk of abandoning the principal of worker solidarity, the construction unions haven't done the collective union movement any favours lately.

I'm a QTU rep, and we are just trying to get some moderate improvements to teacher conditions in our next award agreement (not really even about money, more focus on workload and wellbeing/safety) but we get associated in the public consciousness with the CFMEU and their bikie mates. It's pretty frustrating.

I know people in the nursing union who feel the same.