In September 2015, CanTheTram Inc (CTT) tendered a detailed submission to the ACT Audit Office in response to its intention of to conduct a review of the Capital Metro Stage 1 project.
The Audit Office published its report in 2016. Principal findings of the report were: that the real Benefit to Cost Ratio (BEF) was only 0.49 and not over unity, as claimed by the government; and that the project would cost a nominal $1.78 billion for construction and 20 years of operation. The report was effectively ignored by the Government.
CTT had been active since July 2014, in investigation and analyses of the shortcomings of this project, as pursued by the ACT Government, through its Capital Metro Agency (CMA).
The submission provides information and comment relevant to:
- whether the ACT Government has met its statutory responsibilities in the procurement to date of the Capital Metro Stage 1 project, in accordance with the Government Procurement Act 2001; and
- the Role of the ACT Audit Office in assuring provisions of the Act, in respect of its audit of the project.