New South Wales to spend $6.4 billion on transport

Jobs and public transport efficiency will increase across NSW with $6.4 billion being invested into large infrastructure projects across the state, Premier Barry O’Farrell says.

Ahead of Tuesday’s budget, Mr O’Farrell has announced funding for the “big six” public transport infrastructure developments he says will “kick off unprecedented levels of construction over the coming years and change the way people move around greater Sydney.”

Over the next four years, the government will spend the $6.4 billion predominantly on rail.

On Sunday Mr O’Farrell announced $4 billion – the largest single commitment – would be spent on the 36 kilometre North West Rail Link, which is due to begin next year.

About $800 million will be drawn from the 2013-2014 budget.

Under the project, eight new train stations will be built at Cherrybrook, Castle Hill, Showground, Norwest, Bella Vista, Kellyville, Rouse Hill and Cudgegong Road along with 4000 commuter car parking spaces.

When it’s complete a train will run every five minutes in peak hour and high-frequency single deck trains will operate between Cudgegong Rd and Chatswood.

Treasurer Mike Baird said the funding would also be used to buy property where necessary.

Four years of funding for several other projects has also been announced.

The government has set aside $782 million for the 11.4 kilometre South West Rail Link, which will run between Glenfield and Leppington and is due to be finished in 2016.

About $353 million will be provided for this in the 2013-1024 budget.

A 12 kilometre light rail system that starts at Circular Quay before passing through the city and the Moore Park sports and entertainment precinct and finishes at Randwick Racecourse will be built.

The government has budgeted $423 million over four years for this project, which Mr O’Farrell said “will allow the removal of up to 220 buses an hour”.

In 2013-2014, the government will spend $75 million on the project.

About $885 million will be spent by the state government on the Northern Sydney Freight Corridor to “improve the reliability of commuter services” between the Central Coast, inner west and northern Sydney, he added.

The NSW government has budgeted a $314 million outlay for 2013-2014 with the balance coming from the federal government.

A “vital” pedestrian path between Wynyard and Barangaroo, the site of the city’s next casino, is slated for construction.

This will cost $224 million, $105 million of which will be drawn from the 2013-2014 budget.

Between Lilyfield and Dulwich Hill a 5.6 kilometre light rail extension costing $76 million will be created.

It’s due to open next year.

“During construction, the projects will create in total more than 5000 direct jobs per year and significantly more indirect jobs,” Mr O’Farrell said.

The government, he added, is “committed to building infrastructure which will make a real difference to commuters”.

Treasurer Mike Baird last week said a subdued revenue outlook will make it harder to drive the budget back into surplus while maintaining the state’s AAA credit rating.

But the government is “committed to investing in quality infrastructure,” he said.

“We are facing an immense challenge to fund the backlog of critical infrastructure across NSW and this week’s budget will deliver targeted funding where it is desperately needed,” Mr Baird said.

north west rail link Project

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