Snowy Hydro proceeds will fund drought protection and rail networks



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The NSW government has promised to spend billions of dollars on new water security measures in the bush, fixing mobile communications blackspot issues and improving road and rail networks across regional NSW, as it outlined plans for its Snowy Mountains Hydro fund.

Deputy Premier John Barilaro said the $4.2 billion reaped from the sale of NSW’s share of the Snowy Hydro Scheme would be used to deliver “transformational projects” that would “help secure a future” for young people in regional NSW.

Improvements to the state's road and rail networks are at the top of the list.

Improvements to the state’s road and rail networks are at the top of the list. Credit:Christopher Pearce

“These are big picture projects that generations before us have dreamed of and generations that follow us will benefit from,” Mr Barilaro said.

Mr Barilaro, who will announce the planned expenditure in a speech on Thursday, said the ongoing drought, which has debilitated parts of NSW, highlighted the need to invest in water security infrastructure.

“Dams and pipelines are a key priority and work is already underway on water security
projects to enable NSW to better manage our most precious resource,” Mr Barilaro said.

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