NSW Labor have earmarked $3 billion for rural and regional infrastructure, which they say can be done without privatising the State's electricity networks.
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Labor Leader Luke Foley and opposition treasury spokesman Michael Daley said Labor’s plan makes modest commitments but with the right priorities.
“Labor’s plan is a smart, affordable solution to building the projects NSW needs, while keeping our electricity network in public hands and using the profits they make to pay for teachers, nurses and police,” said Mr Foley.
Mr Foley detailed Labor’s additional infrastructure investment – above and beyond the capital works money in the budget every year:
- $5.13 billion in additional funding for infrastructure investment over 10 years achieved by the deferral of business tax cuts on intangible business assets, unlisted securities and business mortgages
- $4.92 billion of existing Restart NSW funds identified in the Statement of Uncommitted Funds released by NSW Treasury.
About $3 billion of this money would be for infrastructure in rural and regional NSW, including more than $1 billion for roads.
While there were no specific projects announced, Labor committed over $1 billion to the Hunter and Illawarra regions.
