News & Views

7th July 2020

NECA welcomes Government's $1 billion infrastructure spend to kick-start NSW economy

29 Jun 2020

The National Electrical and Communications Association (NECA) has commended the Federal and NSW Governments’ announcement to support nearly 5,500 jobs across New South Wales through a $1 billion investment in shovel-ready infrastructure projects a vital lifeline NECA has called for in its Four Point Plan to kickstart the Economy from the ground up.

The stimulus support comes as a critical lifeline for the economy and the state’s construction sector after NECA’s Industry Impact Survey revealed 80% of businesses expected the current pipeline of work to dry up within the next 3 to 6 months.

Suresh Manickam, CEO of NECA, said:

“The Government’s announcement of further stimulus to support the regeneration of economic prosperity and job growth is excellent news.  We are pleased to see the Government recognises the key to rebuilding the New South Wales economy is working from the ground up, through smaller scale infrastructure projects and local economies.

“Each of these projects creates direct and indirect job opportunities and lays the foundations for building a stronger Australia as we emerge from this crisis.  Whether it is a new road, railway track or bridge, electrical contractors will play a key role in getting these projects up and running.  

“NECA has been calling for these type of measures in our Four Point Plan to Power the Economy which argues for jump-starting small businesses, unlocking Infrastructure potential, reforming regulations and taxation and finally ensuring we energise the future through upskilling subsidies.”

Further detail on these recommendations and more information on NECA’s Four Point Plan can be seen here.

 

ENDS

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