Premier Mike Baird is set to launch a fresh sales pitch for his plan to partially privatise NSW electricity assets by outlining billions of dollars in projects that may be funded by the transaction in its response to an updated state infrastructure strategy.

Among the sweeteners to be announced are $300 million to create new bus rapid transitways and bus priority infrastructure with a particular focus on clogged Victoria and Parramatta roads.

Mike Baird says funds raised by the partial sale of electricity assets would fund infrastructure projects such as creating new bus priority lanes on Parramatta Road. Credit:Dominic Lorrimer

The commitment is on top of $125 million in this year's budget for a northern beaches bus rapid transit project.