LONG TERM BORROWINGS

135 Dr McFETRIDGE (Morphett) (31 July 2007).

1. What financial intermediaries are Long Term Borrowings made out to and what are the forecasts over the next four years?

2. How much does the government expect repayments to increase as a result of increases to Long Term Borrowings?

The Hon. P.F. CONLON (Elder—Minister for Transport, Minister for Infrastructure, Minister for Energy): I provide the following information:

The department's 2006-07 long term borrowing of $102.282 million consists of:

(a) $21.522 million of finance lease liabilities predominately for Roma Mitchell House.

(b) Long term borrowings from the Treasurer for:

Buses and depots

Indenture ports

West Lake revetments

O-Bahn busway

Government Employee Housing

The department does not plan to repay the loan liability to the Treasurer over the next four years.

The increase in long term borrowings arises from the transfer of pre-existing borrowings from the former DAIS business units to the department. This does not result in an increase to government's repayment of borrowings.