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Question and Answer Tracking Details

1691 - Treasurer - RESTART NSW EXPENDITURE

Mookhey, Daniel to the Minister for Resources, Minister for Energy and Utilities, Minister for Arts, Vice-President of the Executive Council representing the Treasurer, and Minister for Industrial Relations
  1. Please list all regional projects with funds committed by Restart NSW and the cost of each project.
  2. How much was spent on regional NSW projects from Restart NSW in 2016-17?
  3. What is the expected expenditure on regional NSW projects from Restart NSW in 2017-18?
  4. What was the total expenditure from the Hunter Infrastructure and Investment Fund in 2016-17?
  5. What was the total expenditure from the Illawarra Investment Fund in 2016-17?
  6. Please list the projects to be funded by the Regional Growth: Economic Activation Fund.
  7. Is the $50 million for the Resources for the Regions program under the Regional Growth: Economic Activation Fund on top of previous commitments and reservations for the Resources for the Regions Program?
  8. Please list all regional expenditure from the Restart NSW fund since its inception.
  9. Of the $1.1 billion reserved from Restart NSW for the Western Harbour Tunnel and the F6, how much is the share going towards the F6?
  10. Of the $1.1 billion reserved from Restart NSW for the Western Harbour Tunnel and the F6, how much is the share going towards the Western Harbour Tunnel?
  11. Page 1-4 of the 2016-17 Budget Infrastructure Statement states that $11.9 billion of Rebuilding NSW projects are included in the budget, does this mean that those $11.9 billion of Rebuilding NSW commitments will be spent over the forward estimates to 2020-21?
  12. What is the forecast value of the Restart NSW fund over the forward estimates and in ten years' time?
  13. What is the target return on capital in the Restart NSW fund?
  14. What is the value of funds in the NSW Infrastructure Future Fund?
  15. What is the target return on capital in the NSW Infrastructure Future Fund?
  16. What is the expected return on funds in the Infrastructure Future Fund each year from 2017-18 to 2027-28?
  17. Why are the 2017-18 Budget papers printed in a smaller book than the 2016-17 budget papers?
  18. Will the sale of 51 percent of the Sydney Motorway Corporation be in the form of an equity injection, or will the Government receive funds?
Answer -

The Restart NSW fund will enable the NSW Government to fund and deliver vital infrastructure projects in NSW. At June 2017, funds deposited into Restart NSW totalled $29.8 billion. This balance of the Restart NSW fund will fluctuate over time. Restart NSW commitments can be found at www.treasurv.nsw.gov.au.

In 2017, the NSW Government reserved $1 billion for the Regional Growth: Economic Activation Fund, which will fund programs including 'Growing Local Economies', 'Regional Sports Infrastructure' and 'Connecting Country Communities'. On 19 May 2017, the NSW Government also announced an additional $50 million for the Resources for Regions program.

Restart NSW is not a commercial investment fund. The purpose of Restart NSW is to enable high priority infrastructure projects that improve the productivity and competitiveness of NSW across all sectors.

Funds from the National Infrastructure Investment Fund are being invested across a diverse range of cash and growth assets, with the aim of preserving capital and enhancing investment returns for the state within acceptable risk parameters that match the infrastructure delivery timetable.

Further information is also available at www.infrastructure.nsw.gov.au and www.budget.nsw.gov.au.

Question asked on 22 June 2017 (session 56-1) and published in Questions & Answers Paper No. 116
Answer received on 27 July 2017 and published in Questions & Answers Paper No. 117

The Parliament of New South Wales acknowledges and respects the traditional lands of all Aboriginal people, and pays respects to all Elders past and present. We acknowledge the Gadigal people as the traditional custodians of the land on which the Parliament of New South Wales stands.