The Accelerated Infrastructure Fund (AIF) was announced on 3 April 2020 as part of the Planning System Acceleration Program to cut red tape and fast-track planning processes to keep people in jobs and the construction industry moving throughout the COVID-19 crisis.
The objectives of the fund are to:
- Fund infrastructure that unblocks development approvals and enables development activity and speed up the delivery of housing supply.
- Stimulate construction activity by investing in infrastructure projects that can be brought forward quickly.
- Encourage developers to enact development approvals and invest in construction.
- Encourage local councils to bring forward expenditure of local developer contributions to accelerate infrastructure delivery.
The AIF sits alongside existing Infrastructure Funding, such as the Housing Acceleration Fund within the department to support the continued delivery of new homes and jobs throughout NSW.
During the first two rounds of AIF, the NSW Government worked in partnership with councils to accelerate $667 million toward infrastructure that is helping deliver 38 projects to unlock more than 100,000 homes and 685 hectares of employment land to create more than 3,220 jobs.
AIF Round 3
An extension of the AIF program into a third, $300 million round of funding was announced as part of the $2.8 billion 2022 Housing Package in the 2022-2023 NSW Budget.
It aims to build on the success of the first two rounds and support the delivery of local infrastructure in high-growth Council LGAs in Metropolitan NSW and, for the first time, Regional NSW to support housing delivery. The funding will be split to allocate up to $180 million to metropolitan projects and up to $120 million for regional projects.
Email the AIF team at firstname.lastname@example.org for more detailed information about the AIF.
Page last updated: 28/11/2022