The NSW Government announces it is dumping its plan to revamp Sydney's Olympic Stadium and will use the $810 million of savings to fund fast-tracked infrastructure projects.
The NSW Government has announced it will be dumping its plan to revamp Sydney's Olympic Stadium, instead pledging to put the $810 million of savings into fast-tracked infrastructure projects.
She hoped the additional funds — which boosted the state's economic recovery pipeline from the virus to $100 billion — would inject up to an extra 20,000 jobs across metro and regional NSW. The Premier said about 220,000 people in NSW have become unemployed amid the "economic devastation" of the coronavirus.The ANZ Stadium upgrade was one of the NSW Government's key issues in last year's state election.
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NSW Premier scraps $810 million ANZ Stadium rebuild | Sky News AustraliaNSW Premier Gladys Berejiklian has scrapped the $810 million rebuild of Sydney’s Olympic stadium at Homebush as the state deals with the fallout of the coronavirus pandemic.\n\nInstead Premier Berejiklian announced a new $3 billion fund for job-creating projects to produce an extra 20,000 positions.\n\nThe move would also fire up the economy, with $100 billion now being invested in the state’s infrastructure.\n\n“This guaranteed pipeline of $100 billion will be our best chance of supporting the hundreds of thousands of people who have already lost their jobs in NSW,” Premier Berejiklian said.\n\nImage: Getty
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