The hard numbers in last week's NSW state budget, coined the "record infrastructure" budget, show that NSW is building on an infrastructure boom that is leaving other states far, far behind.
In fact, the NSW infrastructure program continues to grow with a record $73.3 billion provided over the next four years for critical infrastructure in key service delivery areas. Comparably, the Federal Government has only made commitments of $50 billion, and spread over six years. NSW is getting close to 20 per cent of the federal infrastructure spend ($9.9 billion).
According to BusinessDay contributing editor Michael Pascoe,
"NSW – or at least Sydney – is entering a virtuous cycle of investment that promotes growth that enables investment that promotes growth.
"Other states would like to do more but are limited by lack of money, whether by not having a stamp duty windfall, through political opposition to "asset recycling" – more commonly known as privatisation – and/or by letting other spending get away from them."
Image: Herald Sun - Premier Mike Baird and Treasurer Gladys Berejiklian with Transport and Infrastructure Minister Andrew Constance on site at part of the Metro Northwest.
This record infrastructure program includes around:
It's clear that for the foreseeable future, New South Wales will remain the envy of construction professionals across Australia.
To learn more about the budget boosts to transport projects, check out last week's full NSW budget 2016/17 roads and rails breakdown.
The Minns Labor Government has released its first Budget and it highlights a significant investment to build a safe, reliable, robust and sustainable transport system that will connect growing communities across New South Wales.
Global design and engineering firm Arup is teaming up with UK’s Amey to deliver works on the $470 million M4 Smart Motorway between Pitt Street-Mays Hill and Russell Street-Lapstone in New South Wales. The scope of works to be delivered by the Arup and Amey team spans from detailed design up to construction support services for the project.
New South Wales’ $2 billion M12 Motorway project has reached a major construction milestone as the State Government announces a record investment on vital arterial roads across Western Sydney.
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