NSW Treasurer Mike Baird has handed down a cautious third budget, focusing on roads, rail and housing, as the Government continues its drive to rein in expenses and cut wage costs.
The headline announcement will see the Government continue its privatisation of the state's ports.
The world's largest coal port, the Port of Newcastle, is the latest to go under a 99-year lease to fund the "Rebirth of Newcastle" to revitalise the state's second largest city.
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