Tens of thousands of jobs will be created in NSW by the Abbott and Baird governments' spending on roads and rail infrastructure, Treasurer Joe Hockey says.

NSW has followed the ACT in taking up Mr Hockey’s asset recycling initiative, a $5 billion scheme designed to encourage states and territories to sell assets and plough the proceeds into economy-enhancing infrastructure. Mr Hockey said NSW secured $2 billion in federal funding, which – allied with the Baird government…