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NSW Opposition Leader Barry O'Farrell and Shadow Treasurer Mike Baird today announced a NSW Liberals & Nationals Government would establish Waratah Bonds to give mum and dad investors an opportunity to help make NSW number one again.
"The NSW Liberals & Nationals will provide new investment opportunities for mum and dad investors, superannuation funds and others by issuing 'Waratah Bonds' directed to specific, essential infrastructure projects," Mr O'Farrell said.
"This is about giving mum and dad investors the chance join with government to start the change to make NSW number one again," he said.
"Waratah Bonds will be NSW Government-backed debt instruments that will enable government to access new, untapped capital markets.
"They will enable mum and dad investors to help make a contribution to the task of delivering the essential infrastructure NSW needs.
Mr Baird said superannuation funds have potentially billions of dollars available to invest in NSW.
"Waratah Bonds will provide an additional funding model available to finance quality public infrastructure," Mr Baird said.
"Waratah Bonds will be an alternative debt structure, in addition to the currently available options of government borrowing through T-Corp bonds and private debt through PPP arrangements.
"Any public sector finance method, including Waratah Bonds, will be undertaken in strict compliance with our fiscal commitment to maintaining the AAA Credit Rating," Mr Baird said.
MEDIA: Lisa Harrington - 0406 726 880
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