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September 8, 2020updated 09 Sep 2020 6:13pm

NSW Government boosts investment in Shellharbour Hospital

New South Wales (NSW) Government has announced plans to invest an additional A$320m ($232m) in Shellharbour Hospital development work.

New South Wales (NSW) Government has announced plans to invest an additional A$320m ($232m) in Shellharbour Hospital development work.

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The hospital project will receive a total of A$700m ($507m) funding from the state and Australian Government.

Premier Gladys Berejiklian said: “The NSW Government has increased its contribution from A$250m ($181m) to A$570m ($413m) to deliver the Illawarra a state-of-the-art hospital on a new site.

“This investment is about creating thousands of new jobs and ensuring the South Coast has a world-class hospital with the capacity to care for the health needs of the community now and into the future.”

Part of the Covid-19 Recovery Plan, the investment will fast-track infrastructure and support local job opportunities.

Treasurer Dominic Perrottet said: “Not only will this bigger facility attract world-class clinicians and hospital staff to the region but it will deliver up to 2800 jobs during construction to boost the local economy.

“And by building a brand new hospital on a greenfield site, it provides greater opportunity to design a campus which can accommodate future demand and growth.”

The new Shellharbour Hospital will reduce pressure on the existing hospital network in the area.

Health Minister Brad Hazzard said: “We know in the next decade one in four people in the Illawarra will be aged 65 or older and need better access to care, in addition to its millions of visitors.

“Work is already underway to identify a site where health services for all demographics could be collocated in one place and building can commence as soon as possible.”

 

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img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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