New infrastructure to accelerate 140,000 homes
The NSW Liberal and Nationals Government is investing $250 million into essential infrastructure across the state to support the delivery of close to 140,000 new homes.
This funding will deliver new cycleways and active transport options in Parramatta and Ryde, road and bridge improvements in regional NSW, and sewerage upgrades on the Central Coast to enable more homes needed to cater for growing communities.
Premier Dominic Perrottet said an initial 36 councils and agency-led projects will receive funding through the third round of the Accelerated Infrastructure Fund (AIF).
“We are fast-tracking the delivery of essential infrastructure required to speed up the construction of thousands of new homes right across our state,” Mr Perrottet said.
“This is part of our strategy to get people into homes faster by cutting red tape, speeding up development applications and boosting construction by getting more shovels into the ground sooner.
“Our long term economic plan is delivering major infrastructure projects for the future and will support communities as they grow.”
Deputy Premier and Minister for Regional NSW Paul Toole said the new funding builds on a $215 million investment from the Government in the first two rounds of the program, with eligibility extended to regional councils for the first time.
“We know that getting infrastructure right is the key to unlocking land for housing in regional NSW, which is why we have allocated almost $120 million for regional councils in this round, including fast growing areas in the Central West and the Mid-North Coast,” Mr Toole said.
“The areas eligible for this funding account for 94 per cent of NSW’s total population growth over the next 10 years, according to the latest population projections.
“Towns across regional NSW are booming, with more and more people moving away from the city. These projects will help set the foundations for future growth.”
Minister for Planning and Minister for Homes Anthony Roberts said the councils successful in this round of the AIF will also provide their own funding for projects, amounting to a combined $517 million worth of infrastructure on the way for NSW.
“We had an outstanding response from regional councils eager to work in partnership with the NSW Liberal and Nationals Government to unlock land for new homes faster and boost economic growth. We share their ambition and look forward to working together,” Mr Roberts said.
The Accelerated Infrastructure Fund is part of the $2.8 billion NSW Housing Package, announced in the 2022-2023 NSW State Budget.
For further details and the complete list of projects visit the AIF webpage here.
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