The NSW 2016-17 Budget will invest more than $537 million to support local infrastructure and improvements to the planning system to support housing supply.
$262 million will fund critical infrastructure projects to accelerate new homes in Sydney’s priority precincts and priority growth areas.
We want to make sure that as our cities and communities grow, they receive vital infrastructure as well."
The funding makes up the fourth tranche of the Housing Acceleration Fund (HAF) which will accelerate the construction of more than 160,000 homes.
Planning Minister Rob Stokes said the funding will help deliver on the NSW Government’s commitment of accelerating housing supply.
“The Housing Acceleration Fund will deliver the necessary roads, bridges, ramps, intersections and traffic signals to drive Sydneysiders to fresh new homes and vibrant communities,” Mr Stokes said.
“This funding will support the creation of more homes close to jobs, better transport, improved public facilities and high-quality open space areas.
“We want to make sure that as our cities and communities grow, they receive vital infrastructure as well.”
The funding will go into infrastructure to support the following projects:
This brings total funding so far dedicated to accelerating housing supply to $876 million. Previous HAF allocations worth $476 million are funding 22 infrastructure projects to accelerate housing supply including roads, water and wastewater services, and electricity.
These earlier infrastructure projects have directly accelerated the completion of 17,500 new homes, with about 30,000 additional homes currently in the approval and construction phase.
The 2016-17 Budget will also provide:
Date: 22.06.2016 | File type: pdf | File size: 129.1 KB