NSW still spending big on roads and rail

27/09/2019 Posted by admin

More than $50 billion will be spent on NSW roads and rail in the 2018/19 financial year.The NSW government’s whopping infrastructure spend is set to reach $87 billion over the next four years, according to the state budget.

More than half of government expenditure will go to transport projects in 2018/19 with more than $50 billion spent on roads and rail alone.

More than $4 billion has been committed to the Sydney Metro, the automated rapid rail transport system, while the controversial WestConnex motorway will receive $1.8 billion next year.

Stage one of the Parramatta light rail project will receive $258 million.

Bankrolling the record infrastructure splurge is the government’s asset recycling strategy which Treasurer Dominic Perrottet on Tuesday said was his “secret sauce” when it came to building roads and rail.

Less than a year out from the state election, the government is yet to complete any of its existing big-ticket infrastructure items, but Mr Perrottet insists he isn’t fazed.

“That can take time and can be politically challenging, we accept that,” Mr Perrottet told reporters.

“If you look across the board, never before have we seen this construction revolution happening.”

While transport takes up the majority of infrastructure spending, the government will direct $8 billion to building healthcare facilities over four years.

This includes a $700 million upgrade to Liverpool Hospital in 2018/19.

Meanwhile, $4.2 billion generated from the sale of NSW’s share of Snowy Hydro will be invested in regional infrastructure, though Mr Perrottet remains tight-lipped on the details.

The government will also spend $6.8 billion on school infrastructure in a bid to keep pace with a massive projected increase in enrolments.

Australian Associated Press

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