Restart NSW project funding 2014-15
In its 2014-15 NSW State Budget, the NSW Government approved Restart NSW commitments of $2.8 billion for additional projects and programs following the completion of the Newcastle Port transaction and $782 million of new funding commitments.
Development of the following Restart NSW metropolitan commitments started in 2014-15:
- $400 million for NorthConnex (the M1 to M2 connection)
- $400 million towards Parramatta Light Rail
- $278 million for Phase 1 and $389 million for Phase 2 of the Western Sydney Roads to support Sydney’s Second Airport at Badgerys Creek
- $358 million for the Road Connectivity and Network Enhancements in the area of the new Northern Beaches Hospital
- $340 million further investment in Intercity Trains
- $150 million for Newcastle Inner City Bypass Missing Link (Rankin Park to Jesmond)
- $100 million for Hunter Infrastructure and Investment Fund
- $83 million for South Western Sydney Housing Acceleration Fund, and
- $15 million for Sydney Motorway Network planning, including Southern Sydney Access to F6 and Northern Beaches Tunnel feasibility study.
Restart NSW project funding 2013-14
In its 2013-14 NSW State Budget, the NSW Government approved the allocation of $3 billion funding from Restart NSW to accelerate priority infrastructure projects that the NSW Government has identified in the 20 year State Infrastructure Strategy.
Funding for the following Restart NSW metropolitan commitments started in 2013-14:
- $1.8 billion towards the cost of WestConnex, the highest priority infrastructure project identified in the State Infrastructure Strategy
- $60 million for the costs of Intercity Trains
- $10 million for ongoing motorway planning for the F3 to M2 connection and the Government has also reserved up to $400 million to this connection subject to a successful proposal.
Restart NSW project funding 2012-13
In its 2012-13 NSW State Budget, the NSW Government approved the allocation of $30 million funding from Restart NSW to accelerate planning and project work for Sydney's next motorway as part of Infrastructure NSW's 20 year State Infrastructure Strategy.
As such, Infrastructure NSW directed this allocation to fund the development and initiation phases of the WestConnex motorway scheme, the highest priority infrastructure project identified in the State Infrastructure Strategy.