Northern NSW is set to share in more than $4 billion in regional infrastructure spending.
by News Regional and Sam McKeith
THE state government has ramped up efforts to boost growth in the state’s north, announcing more than $4 billion worth of regional infrastructure spending in the NSW budget.
Treasurer Dominic Perrottet on Tuesday handed down the government’s 2018-19 budget, revealing a budget surplus of $3.9 billion and average surpluses of $1.6 billion forecast over the forward estimates.
For regional NSW, the highlight was the introduction of the Snowy Hydro Legacy Fund Bill, which will enable $4.2 billion in proceeds from the Snowy Hydro Scheme to fund regional projects over coming years.
A total $40 million is allocated for “scoping studies” into potential projects that could be supported by the new fund, including examining the viability of inland ports and national and international freight services.
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