Craig Warhurst

NSW Treasurer talks business on poles and wires lease

TREASURER Andrew Constance will try to sell the leasing of state electricity assets to Lismore's business elite on Thursday.

Northern Rivers business leaders have been invited to City Hall to knuckle-down with Mr Constance on the government's plan to unlock $20 billion of investment in New South Wales.

The plan hinges on the 99-year lease of 49% of the state's "poles and wires" electricity network to raise capital needed to build infrastructure.

A $6 billion package has been promised for regional NSW if the plan goes ahead, including $1 billion for roads and $1 billion for water.

"I want this visit to be all about listening to a raft of ideas, which can keep the region and the rest of NSW moving," Mr Constance said.

"It is a chance to highlight the many benefits of the package, as well as exchange ideas on a range of other areas from energy security to creating a more competitive tax system."

Discussion will revolve around the NSW Business Chamber's report "Unfinished Business: Towards 2015 and beyond" which identified five priority initiatives it wanted the State Government to address. 


NSW Business Chambers' priority initiatives:

- Deliver more infrastructure through public asset swaps

- Revitalise and reform local government

- Deliver schooling more effectively

- Improve energy security and address pricing challenges

- Create a more competitive tax system


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