THE South Australian government is to establish a future fund to pay for major infrastructure projects, training initiatives and children's services.
Premier Jay Weatherill says money will be allocated to the fund from mining royalties, but only in the years the state budget is in surplus.
That suggests the first payment of about $20 million will be made in 2015/16.
The government doesn't plan to allocate money until the fund reaches at least $500 million, which could take up to 15 years.
Projects that might be funded could include a port or major rail development.
But Mr Weatherill said the initiative was about thinking long-term and planning for the state's future.
"There are two choices for us at the moment. Do we actually get on board and build the confidence in this beautiful state and invest in its future?" he said.
"Or do we shrink away into a corner and actually cut and hide and pretend that it's all too hard?"
Mr Weatherill said the future fund was the first of a number of major policy initiatives the government would announce before the end of the year.
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