Immigration ponzi sends NSW Government broke

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The Committee for Sydney has called on the NSW Government to provide more transport networks. Committee CEO, Gabriel Metcalf, believes Sydney has grown to the point that it needs a mass transport system like London’s, but that the Government does not have the money required to fund more infrastructure projects. It suggests the Government should sell-off remaining state assets to fund such investment. From The AFR:

“Sydney is becoming a major world city and it is now big enough that it needs a sophisticated mass transport system more like what you would see in London.”

While the NSW government had done “incredible things” on infrastructure, it needed to keep going if it was going to provide a mass transport system for a population forecast to hit 8 million by 2040, Mr Metcalf said.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.