Member for Cootamundra Steph Cooke said last week’s announcement that regional communities will receive $4.154 billion for infrastructure as part of the Snowy transaction was a huge win for the area.

On Friday, March 2, Premier Gladys Berejiklian, Deputy Premier, John Barilaro and Treasurer Dominic Perrottet announced the Government had agreed to transfer its share of Snowy Hydro to the Commonwealth.

Ms Cooke said this deal will see regional communities benefit from visionary infrastructure that will improve lives for generations to come.

“This will create an investment bonanza in regional NSW with every cent of the proceeds going to rural and regional NSW, including communities like Cootamundra,” Ms Cooke said.

Ms Cooke said the Snowy transaction is the latest example of the NSW Liberals & Nationals Government delivering for regional NSW. The NSW Government is investing a record $24.4 billion in infrastructure in rural and regional NSW over the next four years.

“The NSW Government’s decision to invest 100 per cent of the Snowy transaction proceeds in rural and regional NSW builds on the NSW Liberals & Nationals’ strong record of support for the regions, including $6 billion from Rebuilding NSW towards regional infrastructure,” Ms Cooke said.

The Federal Government announced last year it intended to purchase NSW’s and Victoria’s shares of Snowy and expand the scheme to increase the generator’s capacity.

MEDIA: Madeleine Clarke | Graham Springett 6924 2533