On 2 March, following the sale of the New South Wales government’s (AAA/Aaa) share of the Snowy Hydro Scheme (Snowy Hydro) to the Australian Commonwealth government, New South Wales Treasury Corporation (TCorp) announced that its funding requirement for the 2017/18 financial year remains unchanged. In its half-yearly review, released on 14 December 2017, TCorp indicated that its funding requirement was A$6.4 billion (US$5 billion).