Parliamentary Secretary for the Hunter Scot MacDonald MLC said today’s Budget will continue record levels of investment in infrastructure by the Liberal National Government
The NSW Budget expects a record surplus of $4.5 billion in 2017-18, with a surplus of $2.7 billion forecast for 2018-19 and average surpluses of $2.0 billion forecast over the four years to 2020-21.
Key Budget Highlights for the Hunter include:
- $206.1 million in 2017-18 for Newcastle Light Rail & CBD revitalisation
- $23.4 million towards Cormorant Road, Industrial Drive to Stockton Bridge (state and federally funded) in 2017-18
- Continuing works on Rutherford Public School, Belmont High School, Hunter Sports High School and Bolwarra Public School
- $5.0 million in 2017-18 towards building a new hospital at Metford with an estimated total cost of $450 million
- Continuing works on a new fire station at Maryland with an estimated cost of $3.6 million
- $101.7 million in 2017-18 of a $199.9 million project to deliver an additional 400 beds at the existing Cessnock Correctional Centre site
- $75.0 million in total Restart NSW funding for the Hunter Infrastructure and Investment Fund
- $43.0 million to remediate Newcastle BHP sites
- $7.0 million to undertake urgent repair works across seven sites within the Hunter Valley Flood Mitigation Scheme
- $11.8 million for Lower Hunter Freight Corridor (planning and construction)
New South Wales has no net Government debt. The strongest position in the country.
The Government is continuing with record levels of investment in infrastructure, with $72.7 billion committed over four years in this Budget.
The budget includes investment of $7.7 billion over four years for world-class hospitals and health infrastructure, and $4.2 billion over four years for new and improved schools.
Scot MacDonald | 9230 2393