New funding will be used for smaller, ready to go jobs across the state. It is hoped the fund will provide an extra 20 thousand jobs for the NSW workforce.
Government has also decided not to proceed with the refurbishment of Stadium Australia, which will allow them to redirect $800 million towards the fund.
It said the Stadium Australia rebuild was a sensible project backed by the people in last year’s election, but in the current health and economic climate it no longer made sense.
Premier Gladys Berejiklian said infrastructure would provide a path to employment, and economic recovery, firing up the economy.
“This guaranteed pipeline of $100 billion will be our best chance supporting the hundreds of thousands of people who have already lost their jobs in NSW,” Ms. Berejiklian said.
As part of the fund the Parramatta Powerhouse Museum will still be delivered. This project is expected to create more than 1100 construction jobs in Western Sydney and 2400 indirect jobs. The government is also looking at more options to support the arts community at Ultimo.
Deputy Premier John Barilaro said the fast-tracking of projects would support jobs across the entire state and the government was in the process of identifying them.
“The communities of NSW have been through an incredibly tough period with continued drought, horrific bushfires and now COVID-19 and the best path to recovery is creating jobs,” Mr. Barilaro said.
“An unprecedented crisis calls for an unprecedented recovery and redirecting funding from Stadium Australia to job-creating infrastructure builds is the right thing to do for the people of NSW,” he said.
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