West Sydney to boom with $ 139 million in new infrastructure
A share of $ 139 million is up for grabs for eight Western Sydney councils as applications open for the second round of Fast Track Infrastructure Finance (AIF).
Planning and Public Spaces Minister Rob Stokes said the second round includes new high growth areas in the Local Government Areas (LGAs) of Blacktown, The Hills, Hawkesbury, Penrith, Liverpool, Camden, Campbelltown and Wollondilly.
“We launched this funding to support our economic recovery from the COVID-19 pandemic and in the first round, more than $ 145 million was invested to complete 14 projects,” Stokes said.
“All of these projects are now underway and will support the development of up to 40,000 new homes, 115 hectares of employment land and create up to 1,000 new construction jobs.
“The delivery of important infrastructure such as roads, storm sewers and public space is key to our economic recovery and the second round of the AIF brings the support of the NSW government to over $ 210 million. “
Employment, Investment, Tourism and Western Sydney Minister Stuart Ayres said the AIF will also create thousands of jobs during the construction phase, helping to meet the needs future of western Sydney.
“West Sydney is ripe for growth and this funding will provide the infrastructure needed to support more than 20,000 new homes in these LGAs over the next five years,” said Ayres.
“This is a great example of state and local government working together to accelerate projects that boost the economy and create jobs as we begin to emerge from the pandemic. “
Boards will be allocated funding based on the expected growth in each LGA, the amount of development the funding will support, and the amount of co-funding that the boards can provide. All projects must begin construction within two years to be eligible for funding.
Project nominations are now open and boards will need to apply by October 31, 2021 to be considered.
For more information visit: www.https: //www.planning.nsw.gov.au/accelerated-infrastructure-fund.