This Budget enhances our State’s global reputation for tourism, environment, sports, arts and culture.
Our sports stadia strategy will give New South Wales the world-class venues it deserves, with $1 billion reserved from the proceeds from the Land and Property Information transaction, in addition to the $600 million investment from Rebuilding NSW announced previously.
These funds will deliver new investments, including a brand new Western Sydney Stadium, and a rejuvenated Stadium Australia and Sydney Football Stadium.
New South Wales will also stake its claim as Australia’s cultural state, with $1.8 billion to be invested over four years in arts, natural history and cultural institutions.
This investment includes:
- $244.3 million over five years for the Sydney Modern Project to transform the Art Gallery of New South Wales into a global art museum for a global city. This project will significantly increase exhibition space, which will enable New South Wales to host more major international exhibitions and increase the ability to share the gallery’s extraordinary art collection
- $240.0 million over five years to protect the environment through facilitating strategic biodiversity conservation on private land
- $190.0 million over four years towards the Sydney Opera House renewal program, to ensure the Opera House is properly equipped to host world-class performances
- $186.9 million over four years to rejuvenate the Walsh Bay Arts Precinct and provide a unique cultural and visitor experience as well as restoring an important piece of Sydney’s waterfront heritage
- $100 million over five years to protect threatened species through the Saving our Species program
- $100 million over four years for the Regional Cultural Fund to develop cultural and artistic activities in regional and rural communities
- $63 million to be invested in national parks, public parklands and gardens throughout the state to enhance visitor experiences, education and research.