The NSW Government is committing to a guaranteed $100 billion infrastructure pipeline over four years to drive employment growth and help create 88,000 direct jobs. This includes a $3 billion accelerator fund.
So far, 49 projects have been approved, including the Snowy 2.0 Main Works, Mt Druitt CBD amendment, Sydney Fish Market redevelopment and Tweed Valley Hospital Stage 2.
NSW latest planning reforms, announced on 15 July, will reduce the time taken to approve projects. This will allow:
- rezoning decisions to be cut by 191 days (33% time saving)
- decisions on development applications for larger projects in regional areas to be cut by 91 days (25% time saving)
- decisions on major projects of state significance to be cut by 20 days (17% time saving).
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