Hon Lynn MacLaren has asked the government to confirm if there is an agreement in place between LandCorp or any other State government department or agency and Cedar Woods in relation to the Mangles Bay Marina project. She also asked for a clarification on the stakeholder’s responsibilities to:

• meeting the further costs of obtaining project approvals;
• meet the costs of construction if the project goes ahead;
• sharing of the project’s profits and losses if it goes ahead;
• cost of the remedial and maintenance work that may be required after construction;  and
• payment of a bond as security against the future need for the payment of such remedial and maintenance work, and the amount and scope of such bond.

Read Hon Lynn Maclaren’s question and the government’s response here