CABINET LEAKS: M5 CASHBACK SCHEME LEFT UNFUNDED

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The future of the M5 cashback scheme has been put at risk with leaked Berejiklian Cabinet documents revealing that a failure to fully fund the scheme has left it with a $90 million black hole.

In yet another damaging revelation from explosive Transport for NSW documents dated March 2017, the M5 cashback was not fully funded as of 1 July this year.

That’s despite a 22 per cent uptake in NSW drivers accessing the scheme which now costs in excess of $100 million a year.

Due to the increase of claims and subsequent budget shortfall, Transport for NSW asked Treasury for more money in 2015-16 but Berejiklian Government senior Minsters rejected the request “..leaving a risk of over $90M in the forward estimates.”

NSW Opposition Leader Luke Foley says the revelation raises serious questions about the Government’s commitment to the M5 cashback scheme.

This comes on top of revelations yesterday that the WestConnex toll road has been hit by $1.05 billion in contractor claims due to unforeseen planning conditions, planning approval delays and site contaminations. Further, the M4 widening will not be completed on time or on budget.

These concerning revelations come as Western Sydney motorists face an extra $2,000 a year to travel on the M4 motorway – a road that was already paid for – when the toll is reintroduced next month.

 Quotes attributable to NSW Opposition Leader Luke Foley

“Another leak from a very leaky government.

“The government could reveal this all, if they chose to be honest with the public.

“As cost of living increases hit NSW families hardest, the Berejiklian Government is leaving vital cashback programs unfunded.

“No one can trust the Berejiklian Government when it comes to tolling Sydney motorists.”