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Port of Melbourne proceeds

Member for Western Victoria, Simon Ramsay, has condemned today’s revelation that Premier, Daniel Andrews, has broken another promise to regional Victoria.

The Premier has failed to invest 10 per cent of the $9.7 Billion from the lease of the Port of Melbourne into new transport infrastructure projects in regional Victoria.

$723 million should have gone to these projects.

“Given agriculture is a huge user of the port, and contributor to its success, this is an ugly revelation.

“Without the use of the port by farmers and producers, the Government would never have realised such a huge sale result for the port lease,” Mr Ramsay said.

The failure was revealed today during questioning of the Secretary of the Department of Treasury and Finance, David Martine, by the Public Accounts and Estimate Committee.

Mr Martine told the committee that $288 million of the port sale profits have gone to “periodic maintenance”.

Prior to the lease deal in 2016, Mr Ramsay strongly advocated for 10 per cent of the proceeds of the port lease be identified for new regional transport infrastructure.

“As the Shadow Assistant Minister for Agriculture, a farmer and the Member for Western Victoria, I am staggered by the massive failing by this Government.

“Daniel Andrews is a failed Premier who has failed country Victoria”.