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Master Builders has prepared this summary of the NSW State Government Budget for 2018-2019.
This update focuses on matters that are of particular significance to the NSW building and construction industry.
Of significant note is the state government’s four-year capital investment program to 2020-2021, which is forecast to be $87.2 billion. More than half is dedicated to transport and roads spending totalling $51.2 billion over four years.
For ease of reference, a project by project breakdown of the budget is set out in the following summary. To avoid duplication, more information on budget initiatives specific to each region of NSW has been made available in the ‘Regional Overview’ booklet which was prepared and published by NSW Treasury;
Major Capital Works and InfrastructureThe Government’s infrastructure program includes funding for a wide range of infrastructure projects:
Education and Skills Infrastructure of $6.8 billion over the four years, including:
Public Transport and RoadsThe capital program represents $51.2 billion investment over the four years to 2021-22 for public transport and roads.
New transport and road projects in this Budget include:
Hospitals and HealthNSW will spend $2.3 billion on hospitals and health services in 2018-19, with $8 billion being invested over the next four years for new facilities, upgrades and redevelopments. Major health related infrastructure works and programs include:
Social and Indigenous Housing InfrastructureThe Communities Plus program represents a $22 billion program over ten years to deliver 23,000 new and replacement social housing dwellings in:
The Social and Affordable Housing Fund (SAHF) represents $1.1 billion in social housing placement projects.
The Budget will invest more than $33 million over four years in new funding to deliver the Aboriginal Housing Strategy that will provide homes and support services.
Skills and Education The NSW Government is investing $1.77 billion in TAFE NSW to boost vocational education and training and deliver the skilled workforce of the future:
Policing and Corrective Services Infrastructure
Culture, Arts and Sports Infrastructure
Sport and active recreation will receive a major boost in NSW Budget 2018 with $537 million invested in local facilities and initiatives across the State. Capital works and major projects include:
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