The NSW government has been advised to delay several key megaprojects, including the Beaches Link and the second stage of the Parramatta light rail, amid surging construction costs and global labour shortages | AlexSmithSMH Rabe9
The NSW government has been given the green light to delay several of its high-profile megaprojects, including the Beaches Link and the second stage of the Parramatta light rail, amid surging construction costs and global labour shortages.
Infrastructure NSW will on Tuesday release its five-yearly independent advice to government on the most important infrastructure priorities for the state for the next two decades. The infrastructure capital expenditure in NSW has risen from about $15 billion each year a decade ago to $27 billion, and the report recommends the government maintains this level of spending.
Minister for Infrastructure Rob Stokes said NSW would remain the megaproject capital of Australia and a global leader in infrastructure delivery. The Beaches Link, promised for years by the Coalition, became a Willoughby byelection issue, with independent community activist Larissa Penn nearly winning Berejiklian’s former seat on a platform of opposition to the project. The Liberals held the seat, but with a massive 20 per cent swing against the party.
The report also highlights private investment as critical to future infrastructure projects as government deficits grow.
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