The six-hectare site at Camellia, near Parramatta, is going to be used as a maintenance facility for the Parramatta light rail project.
But an independent valuation, which put a price tag of only $15.5m on the site, wasn’t done until after the land was bought. In the November 2019 report, the authors write Transport officials didn’t wait for the project to be fully approved before buying the land “due to the availability of the land on the open market”.
That increased asking price was “based on vendor expectations of the development value of the property”, the report states. The audit also found there weren’t regular checks for conflicts of interest done during the acquisition process, exposing the agency to “an increased risk of perceived or actual fraud/corruption in the commercial land acquisition process”.
Artist's impression of the light rail at Camellia. The handling of a land deal in the area has been referred to ICAC.“Given I have made referrals on this matter to other independent agencies, I can’t comment any further at this stage,” Mr Constance said in a statement.
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