Parliamentary Secretary for the Hunter Scot MacDonald MLC said today’s announcement that regional communities will receive $4.154 billion for infrastructure as part of the Snowy Hydro transaction was a huge win for the Hunter.
Earlier today Premier Gladys Berejiklian, Deputy Premier, John Barilaro and Treasurer Dominic Perrottet announced the Government had agreed to transfer its share of Snowy Hydro to the Commonwealth.
“This will create an investment bonanza in regional NSW with every cent of the proceeds going to rural and regional NSW,” Mr MacDonald said.
“The Hunter is the largest regional economy in NSW. I look forward to working with Councils, RDA, the business sector and community organisations to continue the record infrastructure in the Hunter including the new injection of capital works funding from this transaction.”
“It is important we back productive infrastructure that will support the businesses and jobs of the future.”
Mr MacDonald said the Snowy transaction is the latest example of the NSW Liberals & Nationals Government delivering for regional NSW. The NSW Government is investing a record $24.4 billion in infrastructure in rural and regional NSW over the next four years.
“The NSW Government’s decision to invest 100 per cent of the Snowy transaction proceeds in rural and regional NSW builds on the NSW Liberals & Nationals’ strong record of support for the regions, including $6 billion from Rebuilding NSW towards regional infrastructure.”