The Government is to provide the money over four years for restoration and replacement of Commonwealth assets in the national area of Canberra.
It will be partly funded by introducing parking fees in the parliamentary zone and managed by the National Capital Planning Authority.
The chief executive of the NCPA, Lyndsay Neilson, said last night that work in 1993-94 would include repairs to the major bridges, repairs and improvements to the Captain Cook Memorial Water Jet, reconstruction of the King George V statue in front of Old Parliament House, and restoration of facilities in Commonwealth Gardens and Old Parliament House gardens.
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