Joint statement from NSW Premier Mike Baird and Treasurer Gladys Berejiklian

Following the Federal Government’s decision in relation to the current bidders, the NSW Government will now move immediately to relaunch the transaction process for the partial lease of Ausgrid and notes the strong market interest for this valuable asset.

The NSW Government acknowledges the Federal Government’s decision in relation to the Ausgrid lease, noting that national security and national interest considerations are ultimately matters for the Commonwealth Government and its agencies.

We will achieve a strong result for the people of NSW.

Above all, there will be no delays to our infrastructure pipeline and the commitments we made to the people of NSW to transform this State.

We have always said that the proceeds of the Ausgrid transaction will be booked in the 2017-18 NSW Budget and that remains the case.