Dams, rapid intercity rail and mobile connectivity are among the big-ticket items the NSW government wants to invest $4.2 billion of Snowy Hydro funds into.
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The funds from the sale of the state's share of the hydroelectric scheme to the federal government will be entirely spent on regional NSW, Deputy Premier John Barilaro has announced.
He listed five priority areas for spending, including water security, eliminating mobile black spots statewide and faster road and rail options.
Improving freight linkages through a possible international freight airport in rural NSW and establishing new economic "activation precincts" are also on the agenda.
"Reducing travel time from Canberra to Sydney by rail to under three hours is a game changer," the Nationals leader said.
"The Snowy Hydro Legacy Fund is an investment in our young people in the regions, building the business foundations that will provide a secure future for those who live and work in our regional towns for generations to come."
Australian Associated Press
