Big four boost the local market in areas like Sydney’s northern beaches, where they’re already on hold for the moment due to the federal government’s budget. Local retailers including the famous Coles and Woolworths have also expressed an interest in signing up, while the ABC reports supermarkets including Coles are « looking at » buying an upmarket discount site, including the big four.
So why was the government doing this in the first place? And who benefits from this scheme?
To explain it more simply, the $1.5 billion in spending cuts will be spread across six separate infrastructure projects.
First up is a $120 million funding grant for 바카라roads, and a further $15 million to upgrade infrastructure for roads. While those projects were originally part of the Liberal’s 2014 election commitment to spend $15 billion over five years on infrastructure, Labor has now reversjarvees.comed course on this and announced they’re cutting funds to the government by $4 billion over the next five years and $11 billion over eight years – meaning that by 2027, that funding would be gone.
While a $110 million fund is a bit of a drop in the water to put towards the infrastructure projects, it’s a far cry from the $1.8 billion that’s proposed for infrastructure improvements to Sydney’s inner-city. In other words, the $120 million to fix up existing infrastructure projects is a much smaller piece of the overall package and is essentially meaningless given that Labor’s already done the damage anyway.
Second up comes a $90 million grant to invest in « high risk » infrastructure, including a $50 million $90 million grant for the NSW government to pay for a $80 million rail terminal upgrade that’s supposed to happen by 2017.
The idea here is that rail stations will serve as a hub of innovation for the transport sector for the next 50 years, and the state government will help with the infrastructure upgrade, which will mean a host of jobs in other industries from the construction of the terminal to the manufacturing of trains and lorries. There’s also talk of investing in more « high risk » infrastructure projects – including upgrades for roads and bridges that are already under construction such as Cross River Bridge.
There is also talk in the Coalition of investing $120 million in $60 million infrastructure grants over the next five years to help boost housing, including housing associations investing in their community and offering rental assistance for young people.
The third part of the government’s scheme is a $20 million grant to impro바카라사이트ve rail and road connectivity on