A Better Way - Labor's infrastructure priorities

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Opposition Leader Luke Foley and Shadow Treasurer Michael Daley have today outlined their priorities for NSW under Labor’s fully-funded, fully-costed infrastructure plan – A Better Way.

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 dependent on selling electricity assets to the highest bidder.

“Schools and hospitals will receive $1 billion more under Labor’s plan than the Liberals. The difference is Labor will retain the state’s electricity assets in public ownership,” Mr Foley said.

On top of ongoing capital expenditure  over the next ten years (valued at around $15 billion per year according to Treasury’s Budget Papers) Labor will invest an extra:

  • $3 billion for health and education infrastructure to address the biggest challenge we face – ensuring that our schools and hospitals keep up with our growing population;
  • $2.057 billion for urban and regional roads with more than half going towards projects in regional areas;
  • $1 billion for Sydney’s Rail Future Stage 2 – signalling, and line separation, longer platforms to increase capacity and improve reliability in advance of the delivery of the Second Harbour Rail Crossing.
  • $1.576 billion to give a fair share to the regions.
  • $1.472 billion for growth infrastructure in Western Sydney.
  • $950 million for arts, sports, tourism and environmental infrastructure.

Labor Leader Luke Foley said the plan underpins the right priorities for NSW’s future.

“This is a smarter and fairer way to build the schools, hospitals and roads we need without selling our electricity assets,” said Mr Foley.

“Our plan provides $1 billion more to schools and hospitals than the Liberals and we don’t need to sell the electricity network to the highest bidder.

“Mike Baird is going from suburb to suburb offering bribe after bribe with his extravagant promises.

“In simple contrast Labor can deliver the infrastructure NSW needs without sacrificing the dividends that pay for teachers, nurses and police.”

Shadow Treasurer Michael Daley said that existing projects under construction and accounted for in the state budget such as the North West Rail Link and South East Light Rail will all proceed.

“There is around $15 billion a year of ongoing infrastructure funding in the budget that is available for the government of the day whether it’s Labor or Liberal,” said Mr Daley.

“Projects under construction funded through the budget will not be impacted.

“Labor’s commitments above and beyond the existing funding base are modest – but are the right priorities for NSW’s future."