Office 1, 122B Belmore Road, Randwick, Sydney, NSW 2031

Billions to be Invested in Schools & Hospitals says 2017/18 Budget

The New South Wales Government has unveiled the 2017/18 State Budget, announcing massive increases in funding for new social infrastructure. This mainly includes investing more money into both schools and hospitals, which is great news for not only the people of NSW but also the construction industry; even though the construction industry has already been kept very busy lately with such a heavy investment in new transport projects.

They have suggested that the budgets will be split accordingly:

$4.2 billion over a four year time period which will include building or upgrading of up to 120 schools across the state. This is a 61% increase on the previous year’s budget, as well as being the biggest investment in education based assets in the state’s history.

$7.7 bullion over a four year time period will be put into both hospitals and various health facilities. This is up 50% and also a record budget for the state.

Although let’s not forget the continued investment on transport projects, which is still massively invested in when compared to other areas at $41.4 billion to ease congestion on the road ways as well as overcrowding and badly structured rail systems, linking more of the city together through strategic planning.

Even though transport still represents the higher dollar spend due to the volume of existing and future projects, the Government has acknowledged that as well as continuing to invest in physical infrastructure it is also important to invest in social infrastructure, saying it is definitely time for a huge investment, which they have followed through with.

What does this mean for the construction industry?

Once again the continued growth and development of Sydney as a city and New South Wales as a state has opened the door for many job opportunities for those working in the construction industry. With a massive demand for skilled civil workers for transport and various other trades for the social infrastructure as well as ongoing residential work, as a labour hire agency in Sydney we are always on the lookout for experienced and qualified people to join our growing team! So again it’s always good news when new projects are announced, although bittersweet sometimes with the lack of skilled labour available.

If you would like to know more about opportunities that BriX Projects labour hire has to offer or how they can help support you with your latest project then please contact one of our friendly team on 1800 621 066 or submit an enquiry online and they will be able to help.

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