A NSW Labor Government will ensure that our regions receive the investment in infrastructure they need – without privatising the state’s electricity network.
The plan, which makes modest commitments with the right priorities, unlocks an additional $10.055 billion in infrastructure investment in addition to the current budget without needing to privatise the electricity network.
This includes an extra $3 billion for schools and hospitals that isn’t dependant on selling electricity assets to the highest bidder.
At least $3 billion will be for infrastructure in rural and regional NSW, including more than $1 billion for roads. This includes Labor’s additional reservation of $280 million for the Illawarra announced in January.
Rural and regional NSW will also be eligible to receive funding from Labor’s health and education; roads; and arts, culture & sports funds being announced today.
NSW Opposition Leader Luke Foley said a Labor Government will ensure that regional and rural communities in NSW get a fair share of funds for infrastructure – without privatising our electricity network.
“The Liberals and Nationals have sold public assets and taken the lions share back to Sydney – I don’t believe that’s fair and a Labor Government will fix this grave injustice by reserving $1.576 billion for rural and regional communities in NSW,” Mr Foley said.
“Labor is making modest commitments with the right priorities funded by proven and reliable sources of funds.
‘We will be investing $1 billion more in schools and hospitals than the Liberals and Nationals and we will do it without privatising the electricity network.
“I want to see our regional and rural communities thrive – but this investment should not come under the guise of the Liberals and National electricity privatisation blackmail.”
Shadow Treasurer Michael Daley said: “The Liberals and Nationals have ripped off the Hunter and the Illawarra from previous sales of their ports – but a Labor Government has righted that wrong.”
“Labor’s investment in rural and regional NSW shows that we can build the infrastructure we need without privatising the electricity network and driving up power bills.”
Shadow Minister for Regional Infrastructure Mick Veitch said: “Labor’s plan is fair for the cities and the regions – with more than 30 per cent of new funding and more than half of the roads funding allocated outside Sydney.”
“The Liberals and Nationals want to blackmail regional and rural communities into supporting their dud electricity privatisation. But rural and regional communities know that once you start this privatisation it won’t stop until it’s all in private hands – that includes Essential Energy.
“Only a Labor Government has a plan to provide infrastructure in regional and rural NSW and keep our electricity network in public ownership – it’s a plan that regional and rural communities should back.”