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The NSW state government just announced a record-setting amount of new infrastructure spending. Here’s where that money is going.
As part of this year’s state budget, the NSW government has announced $108.5 billion in infrastructure spending over the next four years.
Treasurer Dominic Perrottet said, “NSW already has regained the ground lost during COVID-19, but it is hard to believe that only 12 months ago, our state was nearing the deepest point of its first recession in nearly 30 years.”
“The state’s exceptional performance through COVID-19 has unleashed a wave of pride in NSW, and we are investing more in our own backyard to enhance communities and tourist and cultural attractions in the city and the bush,” he said.
The NSW state government’s latest tranche of infrastructure spending includes:
According to the budget papers, “This significant infrastructure investment will ensure New South Wales is well positioned to rebound from the COVID-19 pandemic and can respond with agility to the challenges of today and tomorrow.”