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The NSW Government has revealed it has allocated $400m of its $3 billion Jobs and Infrastructure Acceleration Fund to regional projects.
Last week, the government announced $2.4 billion in funding, which included $1.4 billion in accelerated funding for regional projects. This brings the total spend so far to almost $1.8 billion for regional projects.
Premier Gladys Berejiklian said more than 80 infrastructure and local community projects would be funded in the regions over the next two years as part of the NSW Government’s COVID-19 Recovery Plan.
“We’re turbocharging the regions as we set our state up for a dynamic recovery,” Ms Berejiklian said.
“By investing almost $1.8 billion to accelerate new and existing projects in priority sectors in the regions we are helping to get people, businesses and communities back on their feet following COVID-19.”
Acting Deputy Premier Paul Toole said the NSW Government was supporting the regions by creating thousands of jobs at a time when they are needed most.
“We’re laying down the path to employment by accelerating new and existing projects and investing heavily in every corner of the State,” Mr Toole said.
“The Fund will inject millions into health, education, transport and roads right across regional NSW, providing jobs and helping our regions recover after battling years of drought and last summer’s bushfires.”
Treasurer Dominic Perrottet said this investment would keep people in jobs and businesses in business, supporting and creating up to 12,000 regional jobs.
“The NSW economy is the engine room of the nation, and our regions will need to be firing on all cylinders as we reignite our economy and get jobs flowing again,” Mr Perrottet said.
“These projects will not only help our regional communities recover from the impacts of drought, bushfires and the pandemic but will also set them up for long-term success.”