House debates

Wednesday, 13 May 2020

Questions without Notice

Economy

2:18 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

I thank the member for Kennedy for his question. First, I'd like to say that the government, through its $100 billion 10-year infrastructure pipeline, is making a record investment in infrastructure. When it comes to the Clean Energy Finance Corporation—the minister for energy, who is responsible for it, may want to add to this answer—it has already made commitments of some $8 billion with the projects with a value of over $28 billion as of the end of March 2020. With respect to the CopperString Project, in 2019 the government announced $4.7 million to assist with the costs of feasibility work for that project, which is a proposed transition line between Mount Isa and Hughenden. In terms of the CopperString Project, as you know, it will allow major users in the Mount Isa region to access reliable and affordable energy from the National Electricity Market.

With respect to Hells Gate Dam, the government has paid the first tranche of funding for the project, with initial planning and design work focusing at the Big Rocks Weir area at Charters Towers. I'd ask if the Minister for Energy and Emissions Reduction would like to add to that answer?

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