State of Barwon: Kevin Humphries

October 27 2016 - 7:00am

$16.189 BILLION AUSGRID LEASE

The NSW Government has achieved another outstanding result in its infrastructure program, entering into a binding agreement with an all-Australian consortium for the partial lease of Ausgrid.  The transaction will deliver $16.2 billion to the State and will help fund critical infrastructure projects as part of our $20 billion Rebuilding NSW plan. This follows our successful $10.258 billion lease of TransGrid.  As the NSW Liberals and Nationals promised at the election, our poles and wires transactions are unlocking billions of dollars to fund new schools, hospitals, public transport and roads that will make a real difference to peoples’ lives.  In Barwon this means that all the Water, Sewerage and Roads projects that we’ve committed to in the last 18 months are now completely funded.  It means programs like Resources for Regions and Regional Tourism Infrastructure funds will be topped up. It also means we can get on with the Rural Hospitals program to increase service quality and efficiency in hospitals across our electorate.

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