News

Nationals to let poles and wires be leased

ESSENTIAL Energy will be quarantined from the State's electricity infrastructure sell-off after a long and tense party room meeting.

Clarence MP Chris Gulaptis, who was opposed to the sale of the State's poles and wires said the Nationals had been able to "negotiate a compromise that will see a significant benefit for regional people".

Under the deal, Essential Energy, which covers around 90% of the State's land mass will remain in public hands. The other 49% of the distribution and transmission network will be put out for a 99-year lease expected to raise $20 billion for the State. Of that, 30% will be earmarked for regional infrastructure.

Premier Mike Baird and Nationals leader Andrew Stoner said the package includes a $1 billion Regional Roads Fund, a $1 billion Regional Water Fund and a statewide $2 billion Schools and Hospitals Building Fund.

"This is a once in a generation opportunity to secure the long-term future of communities right across our great State," Mr Baird said.

"The centrepiece of the package is a series of future funds to build and upgrade hospitals, schools, roads and water infrastructure throughout regional NSW.

"This injection will ensure regional communities get access to world-class infrastructure, as well as creating jobs in regional areas and securing a pipeline of investment."

Lismore MP Thomas George said it was "the best deal we could come out with" and it would only go ahead if the Liberals and Nationals were re-elected in March.

Opposition leader John Robertson called it a bad deal for NSW families because it would drive up prices and deprive the State of $1 billion in revenue every year.

"Mike Baird is trying to sell the people of NSW a lemon - the community knows instinctively that a private company will not spend billions of dollars buying our electricity network to cut power bills for families," Mr Robertson said.

Topics:  electricity infrastructure, poles and wires



New mayor for Kyogle revealed after big win at council meeting

Kyogle has picked its new mayor.

Mayor elected after a 7-2 win at council

Niall Blair: Shark culling not an option

EYE IN THE SKY: Primary Industries Minister Niall Blair watching an aerial drone trial over Lighthouse Beach in Ballina.

Calls for shark culling on the North Coast have been ruled out

Local Partners

Madonna poses naked in solidarity with Katy Perry

Madonna posted her own nude selfie on Instagram

Carlos Santana added to Bluesfest 2017 line up

Carlos Santana at Bluesfest 2013.

Calling all local black magic women

Disney to remake 'The Lion King', and it's live-action

The Lion King is coming back to movie theatres

And this time it's going to be live-action.

What's on the big screen this week

Denzel Washington in a scene from the movie The Magnificent Seven.

DENZEL Washington returns in a shoot-em-up Western.

Our funny bachelor bows out

The Bachelorette contestant Aaron Brady from Golden Beach. Supplied by Channel 10.

COAST marketing executive eliminated from The Bachelorette.

Buyers forking out millions

Owners benefiting from undersupplied Northern Rivers market

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

Couple build their own 'tiny house' for $45k

Holly Bowen and Oli Bucher built their "tiny house" themselves, only hiring a plumber and an electrician. Photo/supplied

The house, which is built on a trailer and can be towed.

Sunshine Beach property breaks real estate record

The property overlooks Sunshine Beach, as the backyard lawn meets the sand.

Sunshine Beach mansion sale smashes real estate record

New $33 million development planned for Ballina Shire

The site of a proposed seniors living development at Skennars Head.

Plans include 211 homes, clubhouse and recreational facilities

SOLD: Historic hotel finds new owner

Post Office Hotel Grafton

Photo Adam Hourigan / The Daily Examiner

Pub in new hands and heading in a brand new direction