The New South Wales Government has outlined a ‘new era’ for Infrastructure NSW as the agency now adopts an official advisory capacity for the delivery of key infrastructure projects.

Premier Barry O’Farrell said he was pleased with the new agency’s strategy.

“The first two years of Infrastructure NSW have been nothing short of a success. It has developed a blueprint which has received broad community support and which the Government is implementing,”

“Now the Strategy is developed, iNSW shifts gears and moves from a planning phase to the financing and delivery of these important projects,”

Inaugural chairman of iNSW, Nick Greiner, has announced his intention to stand down from his role at the forthcoming July board meeting.

“I thank Nick Greiner for all his work in establishing iNSW and overseeing the preparation of the State’s first 20 year Infrastructure Strategy,” Mr O’Farrell said.

Mr O’Farrell said he had also received the formal resignation of the CEO of iNSW Paul Broad who, subject to the approval of other jurisdictions, will be the next CEO of Snowy Hydro.