2.2  Project Expenditure History

Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2  Project Expenditure History

 

 

 

 

 

Prior to Jul 10

 

 

189.0

 

WGS MOU

 

 

 

 

7.8

 

Interim Anchoring -TBN Other

 

 

 

 

16.1

 

 

2

 

 

 

 

212.9

 

3

FY to Jun11

 

 

168.8

 

WGS MOU

 

 

 

 

 

 

 

 

 

 

 

2.9

 

Interim Anchoring- TBN Other

2

 

 

 

2.6

 

 

 

 

 

 

 

174.3

 

 

Jun 11

Total Expenditure

 

 

387.2

 

 

 

 

 

 

 

 

 

Jun 11

Total Budget

 

 

493.7

 

 

 

 

 

 

 

 

 

Notes

1

Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach was $107.3m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $25.1m having been applied to the remaining life of the project.

2

Other expenditure comprises: operating expenditure, other minor capital expenditure not attributable to the aforementioned top two contracts and minor contract expenditure.

3

In August 2010 a review of the project expenditure up to 30 June 2010 was undertaken. As a result of the review some expenditure has been recoded to the correct contracts but overall the total expenditure remains unchanged.