NSW Government commits $112.7bn investment to deliver infrastructure
Over the next four years, a record $112.7 billion is going to be spent to deliver much-needed infrastructure across New South Wales.
This significant funding commitment for infrastructure is part of the 2022-23 NSW Budget that was recently announced, and it will include an equally significant investment of $76.7 billion for transport projects.
“Infrastructure builds opportunity, and those opportunities are multiplying across our State with the biggest infrastructure investment on record.
“Our work continues with projects of all shapes and sizes to connect residents across our six cities and in the regions,” Minister for Infrastructure, Cities and Active Transport Rob Stokes said.
Major investments in public transport in the 2022-23 NSW Budget include:
- $12.4 billion over the next four years in the coming Metro that will link Parramatta to the Sydney CBD in about 20 minutes
- $5.1 billion over the next four years towards the Metro City and South West between Chatswood and Bankstown to provide a direct link with a new tunnel under the harbour
- $8.4 billion over the next four years to deliver the Sydney Metro to Western Sydney Airport comprising of six new stops between St Marys railway station and the coming Nancy-Bird Walton Airport
“The $76.7 billion commitment is a more than $5 billion increase on the previous year, underlining our commitment to projects that were previously put in the too-hard basket.
“Western Sydney is the big winner, with enormous investment in three separate metro projects and the second stage of Parramatta Light Rail as part of our efforts to cut commute times and improve the lives of millions of NSW residents,” Minister Stokes said.
On the other hand, road projects that will receive significant funding from this Budget commitment will include:
- $4.1 billion over four years for planning the Western bypass, Harbour tunnel and Beaches Link
- $2.3 billion over four years to upgrade the Princes Highway around Mt Ousley, Jervis Bay and Milton
- More than $885 million over four years for improvements on the Newell Highway including 40 new overtaking lanes, flood mitigation and the Parkes Bypass
- $1.2 billion towards completing the M4-M5
- $3.2 billion over four years to upgrade the Great Western Highway between Katoomba and Lithgow, and Kelso and Raglan
NSW Treasurer Matt Kean said in his statement: “Over the past decade we have made a record investment in the infrastructure projects that have transformed our economy, and we will deliver a record $112.7 billion infrastructure program over the next four years.”
Source: NSW Government – Media Releases; NSW Budget 2022-23; 7News; Roads & Infrastructure Australia; Roads Australia
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