In 2011 the NSW Government established the Restart NSW Fund to enable the funding and delivery of high-priority infrastructure projects that improve the state’s economic growth and productivity. It is supported by the government’s asset recycling program, with proceeds deposited into the Restart NSW Fund before being invested into infrastructure projects. As at June 2019, funds deposited into Restart NSW since 2011, including investment earnings, have totalled $33.3 billion.
The Restart NSW Fund is governed by the Restart NSW Fund Act 2011. Under the Act, Infrastructure NSW is responsible for assessing and recommending Restart NSW projects which improve the economic growth and productivity of NSW across all sectors. Infrastructure NSW uses a project’s Benefit Cost Ratio (BCR) to assess this: a project’s benefits must exceed the cost of its delivery, as demonstrated by having a BCR greater than 1.
Projects funded from the Restart NSW Fund include a mixture of NSW Government agency-led infrastructure projects, as well as local and community infrastructure projects being delivered by local government, non-government organisations and other entities.
Thirty per cent of Restart NSW funding is targeted at regional and rural areas (outside the metropolitan areas of Sydney, Newcastle and Wollongong) over the lifetime of the fund.