In 2011 the NSW Government established the Restart NSW fund to enable infrastructure projects to be funded and delivered throughout NSW. As at December 2018, funds deposited into Restart NSW, since 2011, have totalled $33.2 billion.
Restart NSW is the vehicle for the delivery of the Rebuilding NSW plan, which is the Government’s 10-year plan to invest in new infrastructure funded by the electricity network transactions, Commonwealth Government Asset Recycling Initiative payments, and investment earnings. These proceeds are first deposited into the Restart NSW fund before being invested into infrastructure projects.
Infrastructure NSW is responsible for assessing and recommending Restart NSW projects which improve the productivity and competitiveness of NSW across all sectors. They include a mixture of NSW Government agency-led infrastructure projects, as well as local and community infrastructure projects led by local government, non-government organisations and other agencies, the majority of which are recommended following a submission-based competitive process.
Projects in regional NSW (locations outside Newcastle, Sydney and Wollongong) make up 30 per cent of all Restart NSW funding reservations, with allocations to be made over the lifetime of the fund.