Deputy Premier John Barilaro announced $30 million in funding to advance development of the Bomen freight and logistics hub during a visit to Wagga yesterday.
Mr Barilaro, the Minister for Regional NSW, said the funding would allow for development of the precinct's heavy vehicle road links, water and data connections.
The $29.18 million announcement was made on the same day a trade delegation comprising officials from 14 countries arrived in Wagga to explore investment opportunities.
Mr Barilaro said the investment in Bomen as a special activation precinct was important to drive industry, both domestically and internationally.
"We want to put our money where our mouth is," he said.
"We're announcing just under $30 million in relation to shared infrastructure to get this project moving and this is just a down payment where we can look at the investment that is required.
"This is putting Wagga on the map when it comes to business, innovation, industry and more importantly creating jobs across the region."
Mr Barilaro said the money would fund crucial infrastructure upgrades that will make the precinct highly attractive to new businesses looking to invest.
"It's about the infrastructure that unlocks the ability to attract businesses because those costs are normally a part of a developer's cost that then gets passed onto businesses," he said.
"It has to be the best internet that it available, not just relying on satellite, but fibre."
"Our government is focused on making sure that it's a level playing field, where every industry and every business has an opportunity to invest."
The SAP has a 50-year lifespan and Mr Barilaro said he envisions a wealth of businesses to come to the area.
"When you've got connectivity through rail, you could bring any other industry, because if you can minimise the cost of freight to any part of the state, and rail we know which is an efficient way to move product, it actually opens itself up to many industries," he said.
"Recycling, energy ... advanced manufacturing, it's endless and my view is we want to attract great business and exciting jobs for the future."
Wagga Mayor Greg Conkey said the funding will bring the city a step closer to the transformation of the Bomen Business Park.
"This project will help local businesses reap the benefits that the Inland Rail will deliver to our city, with the direct benefit of creating work for Wagga's growing community and ensuring a strong future for the wider southern NSW region," Cr Conkey said.