The State’s total capital expenditure in 2008-09 is budgeted at $13.9 billion. This is an 11.1 per cent increase over the $12.5 billion budgeted in 2007-08. Of the total, $5.5 billion will be spent in the general government sector and $8.5 billion in the public trading enterprise (PTE) sector. Over the four years to 2011-12, the State’s capital expenditure will total $57.6 billion. This is a substantial increase of $21.2 billion, or 58 per cent, compared with expenditure of $36.5 billion in the four years prior to 30 June 2008. This comprises a $4.9 billion increase in the general government sector (or 29.6 per cent), and a $16.3 billion increase in the PTE sector (or 81.2 per cent). The State’s capital program over the four years will be partly funded by an increase in the net debt of $20.9 billion. The increase in spending over the next four years will primarily be on the following key projects: • rail projects including the North West Metro and South West Rail Link • upgrades of the Pacific Highway, Princes Highway, Central Coast and Hunter Region Roads, Oxley Highway, Bruxner Highway, Victoria Road, Southern Hume Highway duplication and Network Management or “pinch point†strategy • redevelopment of Royal North Shore Hospital, and Orange and Bloomfield Hospitals, and continuation of the Newcastle Health Strategy • 31 new school and TAFE building projects • accommodation for the aged and disabled • upgrading of police facilities and information and communication systems • major expansions of the three ports at Sydney, Newcastle and Port Kembla • the Sydney Water desalination project and Tillegra Dam • completion of the 667 megawatt Colongra gas turbine power station and upgrades to the Eraring, Mt Piper, Vales Point, Wallerawang, and Liddell power stations • upgrade of the Western transmission line to 500kV operation, and a new Lismore Dumaresq transmission line and • replacement or refurbishment of electricity distribution assets reaching the end of their economic life, and providing for expanded capacity to meet growth in demand and enhance system reliability and security.
Good to see all the infrastructure spending. As for the rest I will rely on those who understand the bottom line.
One thing you can expect from this state government is that all the projects listed will be years behind schedule and grossly over budget.
i cant recall any major infrastructure project state or federal coming in on budget or on time in the last 20 years.
