Parkes logistics hub kicks off NSW's 20-year regional vision

The NSW Government has unveiled its 20-year Economic Vision for Regional NSW, setting out a framework for investment that will guide the allocation of resources from the new $4.2 billion Snowy Hydro Legacy Fund.

Minister for Regional NSW John Barilaro said the vision outlines 10 key ‘engine industries’ that will drive growth in regional NSW, and sets out a framework for how the government should direct its investment.

“Businesses tell us the key to them investing in our regions is certainty – and that’s exactly what our vision provides,” Mr Barilaro said.

“This vision sets out a long-term plan and a framework for how the government will lay the all-important foundations for businesses to invest in our regions with confidence.

He said the vision brings together the NSW Government’s long-term planning strategies, including the Future Transport Strategy 2056, the NSW State Infrastructure Strategy and the regional plans.

“Through targeted government efforts we have the potential to attract an extra 185,000 new residents to live and work in regional NSW, on top of population growth already predicted, by 2038,” Mr Barilaro said.

He said the first allocation of money from the Snowy Hydro Legacy Fund will be spent on scoping studies and planning works for a special 'activation precinct' including an inland port and investment precinct in Parkes. A business case for investment will be finalised within 12 months.

"A special activation precinct would offer a coordinated approach to land use and infrastructure planning, and attract major employers, drive local economies and create jobs across the Central West.

“The Parkes precinct will attract major employers, drive local economies and create jobs across the Central West, and is perfectly situated to take advantage of the Inland Rail project, which will allow products to be delivered across Australia and around the world.”

“The Parkes National Logistics Hub is just one part of the vision, and as the first to be announced, it clearly signals the types of big-ticket projects we’re looking at investing in."

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