Billions for the Bush

by | Mar 9, 2018

Under the current NSW Government, regional NSW is winning.

Every cent of the proceeds from the sale of the Snowy 2.0 scheme will be spent on infrastructure projects outside the Sydney, Wollongong and Newcastle district. That’s a whopping $4.154 billion to be injected solely into rural and regional communities.

The NSW Government’s sale of its share (58 per cent) in the Snowy Hydro to the Federal Government will allow the Commonwealth to begin work on their expansion of the pumped hydro-electric storage in the Snowy Mountains scheme. 

But most importantly, the sale will create an investment bonanza in regional NSW. 

Deputy Premier and Minister for Regional NSW John Barilaro said the deal would not only boost infrastructure and jobs but has the potential to deliver transformational projects for communities for generations. 

“NSW Liberals & Nationals regional MPs have worked hard to ensure every single cent of this deal goes to the people and communities of country NSW,” Mr Barilaro said.

“The people of regional and rural NSW need to know that this is an incredible moment for them and their communities. 

“These are precious funds, and every dollar we invest will be an important legacy for those men and women who contributed to the Snowy all those years ago. Now successive generations of people living and working in rural and regional NSW will benefit.”

“As the Member for Monaro the Snowy Hydro has an emotional connection to the community – a legacy that lives on today.” 

Premier Glayds Berejiklian echoed these sentiments.

“This is a once in a generation opportunity. It was an iconic nation-building project and what we intend to do as a government is convert the proceeds into iconic nation building projects for regional and rural NSW.”

“What really excites me more than anything is the jobs and the hope that not only will our communities survive in the bush but absolutely thrive.”

The construction of the Federal Governement’s Snowy 2.0 scheme is set to create 5,000 direct jobs in the Snowy Region and will generate an additional 2,000 megawatts of new energy.