First IDA Round Attracts $136 Billion Potential Investment Surge for NSW
The Minns Labor Government's Investment Delivery Authority has received 48 major investment proposals worth $136 billion following the first round of expressions of interest.
The submissions span each of the critical sectors called for in the first round. The Investment Delivery Authority (IDA) invites Expressions of Interest for major investment opportunities valued at over $1 billion and $200 million for the hotel sector.
The IDA was established to proactively identify barriers to major investment in NSW, and assist industry in getting major projects across the line.
Expressions of interest from the first round are now being evaluated and will be considered by the IDA, comprising the Secretaries of the Premier's Department, Treasury, Department of Planning, Housing and Infrastructure (DPHI), along with the Chief Executive of Infrastructure NSW.
Author's summary: NSW attracts $136 billion in investment proposals.