Part 1: Revenue Measures (Continued)
Regional Australia, Local Government, Arts and Sport
Paid parking on National Land in the suburbs of Parkes, Barton, Russell and Acton (ACT)
|National Capital Authority||‑||‑||22.1||24.3||26.8|
|Related expense ($m)|
|National Capital Authority||‑||0.1||0.6||0.6||0.6|
|Related capital ($m)|
|National Capital Authority||‑||5.8||3.1||‑||‑|
The Government will introduce paid parking to all Australian Government owned car parks on National Land in the ACT suburbs of Parkes, Barton, Russell and Acton from 1 July 2014. This is estimated to generate revenue of $73.3 million over three years and will help alleviate congestion in the area and allow visitors increased access to cultural institutions.
Capital funding of $8.8 million over two years will be provided for the installation of pay parking machines and to upgrade selected carparks.
Funding of $1.9 million over four years will also be provided for operational requirements associated with the introduction of pay parking.
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