NSW’s electricity poles and wires will be leased to fund infrastructure projects across the state.
Premier Mike Baird’s bill narrowly passed in the Upper House late on Wednesday night.
Liberal MPs cheered, while one disgruntled MP yelled “bugger” as the bill passed 19-17, with the vote hinging on the support of Christian Democratic Party leader Rev Fred Nile.
‘I am delighted,’ Mr Baird said following the win.
‘But while this is a pleasing moment, the real work begins now.’
The premier said his government could focus on building roads, railways, schools and hospitals once private leaseholders take over 49 per cent of the state’s electricity network for 99 years.
‘We relish the challenge,’ he said.
