Community takes fight for rail to the Supreme Court
Rail corridor between Glenfield and Macarthur earmarked for medium density
Rail Trail boost to tourism - and local economy
Newcastle rail case may be long wait
Save Our Rail questions semantics argument over rail line cut
North West Rail Link corridor to extend through to Marsden Park
Camurra West to Weemelah Line Booked Out of Use
Rail Trail full steam ahead
John Holland Commissions Electronic Train Orders
Closure of Newcastle rail stations not technically a closure of whole line, State Government lawyer says
A post-pandemic plan to supercharge big infrastructure builds and stimulate the struggling NSW economy has been labelled irresponsible by critics who argue the state is in no position to sell more of its assets to pay for the scheme.
Transport Minister Andrew Constance told the Herald a second wave of public transport projects would form part of a “silver bullet” aimed at reviving the NSW economy, financed in part through asset recycling and debt management.
Transport Minister Andrew Constance believes NSW should speed up its infrastructure builds post-pandemic to stimulate the economy.CREDIT:WOLTER PEETERS
But the opposition and unions seized on the government’s indication of potential further privatisation on Monday, describing it as a “quick fix” that would be paid for by future generations.
Opposition transport spokesman Chris Minns said he understood asset recycling was tempting for state governments, but only kicked immediate cash problems facing NSW down the road.
“The bill inevitably falls due on future generations, and taxpayers end up paying more for less,” he said. “The government's adherence to privatisation has left NSW dangerously ill-equipped to fight off the COVID-19 economic disaster.”
Mr Constance has said there would have to be a “post-pandemic reset” for infrastructure projects, but suggested rather than potentially re-prioritising the multibillion-dollar items, the government should go “harder” and “faster”.
He has pointed to the 2015 sale of the state’s electricity assets, which he said was “the game changer” that spurred the state’s massive infrastructure build. He suggested the best way forward was repeating the exercise.
NSW Treasurer Dominic Perrottet said NSW's infrastructure agenda would play an important part of the state’s recovery, but "we must ensure it is matched with reform which enhances productivity and encourages investment and growth in the economy".
This article first appeared on www.smh.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.