$4.7bn Worth of Projects Fast-Tracked by NSW Government

 $4.7bn Worth of Projects Fast-Tracked by NSW Government

The New South Wales Government has announced a further 19 projects will be fast-tracked in the third tranche of the program which aims to stimulate the state’s economy.

The Planning System Acceleration Program is well on its way to hitting its target of creating 30,000 jobs in just three months – which is half of the initial scheduled timeframe.

The latest ‘shovel ready’ projects to be fast-tracked include an over-station development at Sydney Metro Victoria Cross, a new solar farm, a new school in Camden, affordable housing in Gosford, and a land release in Yass Valley that will allow more than 5000 new homes to be built.  

Premier Gladys Berejiklian said: “When we approve projects, we create jobs; it’s as simple as that.”

“If approved, this latest tranche of projects will see $4.7 billion invested in our state and deliver almost 15,000 jobs,” Ms Berejiklian said.  

Until now, 48 projects have been fast-tracked which have played a considerable role in helping NSW bounce back from the impact of COVID-19.

Planning and Public Spaces Minister Rob Stokes said: “So far this program has unlocked $1 billion of economic investment a week – far surpassing any other state’s planning acceleration programs.”

The program has so far created over 25,000 jobs, an economic boost of $13 billion, 8000 new homes and more than 2 million square metres of open space, parks and land for environmental conservation.  

“We’re establishing a new normal for the NSW planning system, with faster decision making and simpler processes,” said Mr Stokes.

And with local councils now following our lead with their own acceleration programs, NSW will remain the pounding heart of the Australian economy. 

Rob Stokes, Planning and Public Spaces Minister