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A New City
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In NSW the unemployment rate is over 7%, and we have issues getting commodities to port, so China can import it. we need an extra port in this state, NSW. i see the economic benifits of an extra port in the state, and nation in an economic perspective.
If the NSW government floated a company on the ASX, and matched every share the size of this company would be huge. if this company were to bulid a high speed rail network from Sydney, to every major town, port, and mine whilst building a port of it's own.
if there port happened to be the largest port in the world, exporting 25 shiploads of coal per day, a work force may need to work around the port. if the government bought the land around the port, and developed it into houseing, and industrial industries. where are the people going to come from? well the people living in the NSW Houseing Commission estates could move up to the port, where jobs have been established. people who are unemployed in the NSW HC could be evicted from their estates, since they don't contribute to the economy in a productive sence, and they would be forced to pay off their house to the developer over a period. the HC could, once people have moved out, develop the land in areas like Sydeny, and Newcastle and sell the land for a profit.
The port development area could be built as a ecofriendly city, with limmited private transportation, and effective public transportion system, a new university, schools, a publishing house for all works, the world's most advanced broadband connection, a broadsheet newspaper delivered every day, expensive drug based products (beer, and cigarettes, et cetera).
this could be the economic oppertunity for NSW, the dissolution of the Houseing commission, and the opperation of a private/public infastucature building company.
your thoughts?