The NSW Business Chamber believes the return of NSW Parliament following the election in March should see a focus on measures to accelerate the delivery of regional infrastructure.
"Regional NSW should share in the benefits of asset recycling immediately. It is important the tempo of delivery is lifted," said NSW Business Chamber regional manager, Kellon Beard.
"At least $14 billion, including Snowy Hydro and Restart NSW funds have been earmarked for regional infrastructure, this amount of money can make a huge difference for generations to come and kickstart regional economies, especially those that have been doing it tough due to drought or economic transition," Mr Beard said.
"Unfortunately the rollout of Restart NSW has not achieved the targets set, with less than 20 per cent of the promised 30 per cent of funds invested, according to the Report on State Finance prepared by the Audit Office."
The NSW Business Chamber is calling on the new Parliament to get on with the job and accelerate Restart NSW Funding, particularly in those areas that have been ravaged by drought and those experiencing stubbornly high youth unemployment.
"These funds, if invested properly and in a timely fashion, can provide an important stimulus for the region but also drive future investment and industry development," he said.
The NSW Business Chamber has proposed a number of key measures aimed at improving infrastructure delivery in NSW.
These include the establishment of the NSW Infrastructure Coordination Authority, focused on improving the efficient and effective delivery of state significant infrastructure including key projects in regional NSW.
"Our region needs to see funding for key infrastructure to improve transport connectivity this is a key issue to the growth and future development of this region," Mr Beard said.