May 17 2017

By Georgia Holland

 

NSW Labor will support the sale of Snowy Hydro to the Federal Government only if there is a guarantee the scheme stays permanently in public hands and if every dollar from the billions raised is used in regional NSW.

Labor Candidate for Monaro, Bryce Wilson and Shadow Minister Luke Foley were in Queanbeyan earlier, where they announced the policy.
 
Snowy Hydro Limited is currently owned by NSW (58%), Victoria (29%) and the Commonwealth (13%).

Industry estimates are that NSW’s share would be between $ 4 -5 Billion.

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