NSW Labor’s 2023 election platform was characterised by pledges to ensure publicly-owned assets and corporations remain owned by the NSW Government – including the creation of a new NSW Energy Security Corporation – as well as addressing cost of living issues through toll and electricity bill relief packages.

The proposed Beaches Link project will not proceed and funding for the Great Western Highway Upgrade will be deferred for two years. There is an important strategic decision ahead for the incoming government to simultaneously decide whether to maintain the State’s hard-earned AAA credit rating, or the current project pipeline. Without asset recycling in the mix, the new government is highly unlikely to have both.

Analysis of the Minns Government’s infrastructure policy and project commitments, including an overview of public infrastructure investment and market dynamics, is set out in this report.