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NSW back in black

“This is an economically responsible budget which puts NSW on a path to future prosperity and which delivers better services and infrastructure while further securing the state’s solid-gold AAA credit rating,” Treasurer Eric Roozendaal said.The budget provided for a $16.6 billion infrastructure spend in 2010-11 – including federal government contributions – with an estimated $62 billion for the four years to 2013-14.Spending on electricity generation, transmission and distribution will total $3.9 billion next year, with $3 billion allocated for improving the state’s network of distribution lines and substations.The Roads and Traffic Authority will spend $2.8 billion in 2010-11 on capital works, with most of that coming from federally funded highway upgrades, including $732 million on the Pacific Highway and $345 million on the Hume Highway.Some $340 million will be spent, commencing major construction on the federal/state-funded $1.7 billion Hunter Expressway (F3 to Branxton) project and $142 million on Great Western Highway upgrades in the Blue Mountains.Major rail allocations next year will include $278 million on the $2.1 billion South West Rail Link and $303.9 million on five Rail Clearways projects.The major items in port infrastructure are $168.7 million towards the $725 million Port Botany Expansion project and $97.4 million towards the Enfield Intermodal Logistics Centre, which has yet to be fully costed.Overall infrastructure investment in education and training in 2010-11 is estimated at $2 billion, which includes $1.2 billion in federal stimulus spending. Other infrastructure spends next year will include $1.2 billion on public housing and $918 million for hospitals, while a $261 million spend on sporting facilities will include $62.8 million for new grandstands at stadiums in Newcastle and Wollongong.

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