Contributions from new development and housing have resulted in a $270 million infrastructure investment bonanza for communities across NSW.
Minister for Planning and Public Spaces Rob Stokes said the funding for new and upgraded infrastructure was the result of upfront strategic planning and the investment of developer contributions.
“Good planning starts by identifying and funding the infrastructure needed to support development, so new communities get vital public assets like new roads and schools much faster,” Mr Stokes said.
“We are using the Special Infrastructure Contributions (SIC), Voluntary Planning Agreement (VPA) and Low Cost Loans (LCL) programs to invest more than a quarter of a billion dollars into new roads, schools, public spaces and emergency and community facilities.
“This infrastructure funds bonanza is in addition to Government’s recent adoption of all 29 recommendations from the NSW Productivity Commission review into the developer contributions system which will further supercharge infrastructure delivery.”
The $270 million infrastructure package funding includes:
“Our infrastructure pipeline will also be boosted by the roll-out of the Government’s $250 million Public Spaces Legacy Program which will support thousands of construction jobs, accelerate planning and deliver new and upgraded parks across NSW by the end of 2022,” Mr Stokes said.
For more information on the NSW Government’s infrastructure funding programs visit: planning.nsw.gov.au/Plans-for-your-area/Infrastructure-funding.