NSW to invest $112 billion in infrastructure

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The New South Wales government will spend a record $112.7 billion over four years to bolster infrastructure across the state with the aim of better connecting residents and reducing daily commute times.

Treasurer Matt Kean on Tuesday introduced the 2022/23 budget that included the state’s largest infrastructure commitment, with $76.7 billion of the total earmarked for transportation projects.

Major works in progress are $12.4 billion for Sydney Metro West linking Parramatta to Sydney’s CBD and $5.1 billion for metro links between Chatswood and Bankstown, including a tunnel under the harbour.

There was also $8.4 billion more than forecast for six new rail stops between St Marys Station and Nancy-Bird Walton Airport still to be built as part of the Sydney Metro to Australia link. airport,

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Road projects funded included $4.1 billion for Western Bypass, Harbor Tunnel and Beaches Link planning and $3.2 billion for Princes Highway upgrades around Mount Ousley, Jervis Bay and Milton .

Infrastructure Minister Rob Stokes said the significant spending would strengthen connections between cities and regions across the state.

“Infrastructure creates opportunity, and those opportunities are multiplying in our state with the biggest infrastructure investment ever,” Stokes said in a statement Tuesday.

“This government has worked hard to right the wrongs of the past and the result is a legacy of city and state shaping projects.”

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Western Sydney, which will be a key battleground for the coalition government when New South Wales goes to the polls in March, will be a major beneficiary, Mr Stokes said, citing ‘huge investments’ in metro projects and the Parramatta Light Rail, which would reduce travel times for those in the west of the city.

Other major projects highlighted in the budget included more than $885 million for the improvement of the Newell Highway, $1.2 billion for the completion of the M4 to M5 link and $3.2 billion for the upgrading of the Great Western Highway.

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In budget documents, the government said the record investment required active risk management, including the continued impacts of COVID-19, international supply chain disruptions, cost management and any future natural disasters. .

“Delivery agencies are working closely with industry to mitigate these risks as much as possible so residents can reap the benefits of this record capital program,” the papers say.

The government has already announced $500 million for a rail upgrade between Sydney and the Central Coast, and committed $567.9 million to upgrade the Opal card system.

-PAA

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