Gordon Hill

Gordon Hill

-

    Claims about investment confidence ill-founded (A/Min)

    4/01/1993 12:00 AM
     
     
    The negativism being shown by the Opposition in Western Australia over investment in projects in the State is a political exercise in economic sabotage.
     
    Acting State Development Minister Gordon Hill said Opposition Leader Richard Court's continued suggestions that there was a lack of investment confidence in the State was in conflict with the facts.
     
    "There are currently projects worth more than $4 billion under construction in this State - and that is just in the resources sector.  That is hardly a sign of lack of investor confidence," Mr Hill said.
     
    "On top of this, there are scores of other projects such as the $220 million Morley City Shopping Centre development, the super alloy plant, Port Kennedy and many more which are underway or committed to and worth billions more.
     
    "Mr Court has trotted out a list of 76 potential new job creation projects which he later said had been approved - in fact, very few of them have been approved.
     
    "A big number of the proposed projects had in fact already been identified by Department of State Development officers and put on to a master list which has been circulated overseas, particularly in South East Asia, as part of the Government's program of attracting overseas investment in Western Australia.
     
    "However, a number of the projects on Mr Court's list are ideas only and have still to be evaluated."
     
    Mr Hill said that the Opposition leader talked in vague terms about a `so called' `go slow' development policy when in reality billions of dollars of development was going ahead and in the 10 years that Labor had been in Government, hundreds of major projects had commenced to the point where this State was recognised as having one of the strongest economies in the nation.
     
    "Far from inaccurately accusing the Government of `going slow' on projects, Mr Court should be ashamed of the shocking record of the Liberal Party.
     
    "They were the ones who knocked the $10 million Caltex tanks development on the head, costing much needed jobs; they were the ones who attempted to stall the Port Kennedy Development; they were the ones who tried to stop the Edgell-Birdseye expansion;  they are the ones who said they would not give any financial support to the Compact Steel feasibility study; and the list goes on.
     
    "It is the Opposition who has stood in the way of these projects while at the same time talking down the Western Australian economy.
     
    "The Government has been doing its job in trying to attract investors - the Opposition and its negative attitude is doing its best to frighten them off.
     
    "It is incumbent on all of us - regardless of politics - to get out and sell what WA has to offer, not to talk it down," Mr Hill said.