In Australia, the New South Wales state government will walk away from its planned AU$810m (US$540m) redevelopment of the former Olympic stadium in Sydney as the state grapples with the economic fallout from the coronavirus pandemic.
On Sunday the premier, Gladys Berejiklian, will announce that the state government will dump the stadium redevelopment, a key but controversial plank of its election pitch last year, instead announcing a AU$3bn fund for smaller, “shovel-ready projects”.
The announcement will come a day before NSW seeks to boost its flailing economy by further loosening the lockdown restrictions introduced at the height of the pandemic, including increasing the number of patrons allowed at venues from 10 to 50 and allowing regional travel for the first time since March.
In a statement issued to media before a formal announcement, Berejiklian said the decision to dump the stadium redevelopment was part of a wider plan to increase the state’s infrastructure spend to about $100bn.
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