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Sydney Business Chamber responds to NSW Budget

Release Date: 20/06/2017
The Sydney Business Chamber says the NSW Budget released today demonstrates that the Government’s recycling assets program is paying off for the people of Sydney and NSW with significant infrastructure spending across many portfolios.
“It is clear that not only is there record infrastructure spending proposed but that many projects previously announced will be delivered ahead of original forecasts, notably key transport projects such as the CBD South West Metro and the B-Line project on the Northern Beaches,” Executive Director of the Sydney Business Chamber, Patricia Forsythe, said.
“Managing Sydney’s growth and dealing with the long-term legacy issues such as congestion will only be achieved with a sustained focus on infrastructure and a prudent approach to budget management.
“The Budget will send strong signals to the private sector that NSW is a well-managed economy and an attractive place to invest.
“Managing growth is one of the main issues Sydneysiders are facing so it is good to see measures assisting local government in this Budget, including the allocation of funds to councils to fast-track Local Environment Plans updates and up to $500 million for concessional loans to support the delivery of local infrastructure. 
“Sydney as an innovation city will be enhanced with the provision of $20 million to develop a site in the Sydney CBD where start-up incubators and accelerators will co-locate to foster job creation.
“The Chamber welcomes the proposed release of a Cruise Development Plan to address infrastructure and capacity issues in Sydney Harbour and to support growth in the cruise sector. 
Sydney Business Chamber, Wester Sydney Director David Borger says Western Sydney is a key plank of this Budget in recognition that it is experiencing record growth. 
“This Budget delivers strong road infrastructure for Western Sydney with $1 billion to fund road upgrades across the region. 
“A commitment to the Western Sydney Infrastructure Plan in 2017-18 of nearly $650 million is a clear indication of the important role the Western Sydney economy plays in the state. 
“Transport connectivity is the missing link in Western Sydney, which contributes to the mass migration of the region’s population to work and study, and the funding for the Parramatta Light Rail will help alleviate the lack of transport options,” he said.
“The Chamber welcomes the new investment in hospitals in Western Sydney as these medical precincts have become massive job engines; however it is disappointing the Government has not provided any support to arts in the region within this Budget.
“Western Sydney continues to be a vacant space in the Government’s cultural expenditure,” Mr Borger said. 

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