Why is this now enough to satisfy Coca-Cola Amatil:
The $22 million from [Victorian] taxpayers will be part of a $100 million upgrade of the Shepparton plant. SPC will contribute $78 million to complete a $100 million co-investment between the government and the company.
Two weeks ago Coca-Cola Amatal said it needed twice as much from taxpayers to save the cannery:
Prime Minister Tony Abbott has [rejected] taxpayer support for fruit processor SPC Ardmona ... The 93-year-old Victorian company wanted a $25 million federal grant, topped up by $25 million from the Victorian government and its own $150 million investment, for new product development and technology to prop up its operation.
Looks like Abbott saved us $25 million. Let’s hope the Victorian Government didn’t just waste it.
