Mr PALLAS (Treasurer) — It gives me unmitigated joy to advise the house of the success of the Andrews government in leasing the port of Melbourne. In a stunning result for the state of Victoria, the port of Melbourne lease returned a massive $9.729 billion result. That is $9.729 billion for Victorians, well in excess of most estimates. The lease of the port will help remove level crossings, and it will also build new infrastructure for all Victorians. We have already accelerated the delivery of our level crossing removals, and I know that the member for Essendon and the member for Niddrie are very happy to know that the Buckley Street level crossing is under construction next year. The government will now have 37 level crossings underway by 2018, exceeding our promise of 20 level crossings. Of course we have also fully funded the $5.5 billion western distributor. We have also fully funded the $11 billion Melbourne Metro project, with both having early works started.

Victorians can be forgiven for wondering if there is any downside in all this good news. Well, predictably — even perhaps inevitably — the downside is the Liberal Party. Malcolm Turnbull and his Sydney-based government are now trying to break their word to Victorians and rip them off to the tune of $1.46 billion. Having siphoned off $1.6 billion of the Asset Recycling Fund, they say now that the fund is empty. This is behaviour that would make Donald Trump blush. Malcolm Turnbull promised to be agile. Well, we need the agility to deliver to Victorians what they deserve.