Energy savings to fund major infrastructure projects
Source: NSW. Premier. Media Release
"NSW Premier Morris Iemma announced that the proceeds of the savings from the government’s energy strategy would support a range of infrastructure projects and initiatives to benefit families and business across NSW. Mr Iemma said the priority projects would improve services, strengthen our economy and continue efforts to drive down greenhouse gas emissions.
"This announcement to secure the State’s energy needs with private sector investment is expected to save taxpayers up to $15 billion over the next 10 to 15 years," Mr Iemma said.
"It does not make sense for NSW taxpayers to pay for the additional electricity investment of up to $15 billion when the private sector can do it at no cost to the taxpayer."