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AAP
AAP
Politics
Jack Gramenz and Maeve Bannister

Global race on as state speeds up billion-dollar builds

New South Wales Daniel Mookhey
A new investment authority will be able to override NSW councils and accelerate planning approvals. (Dan Himbrechts/AAP PHOTOS)

Splashing tens of millions of dollars to divert billion-dollar businesses to Australia is the pay-off a state is gambling on to drive economic growth.

NSW Treasurer Daniel Mookhey says his third budget, to be delivered on Tuesday, declares the state is "open for business" to help expand its $900 billion economy. 

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