The Low Cost Loans Initiative (LCLI) assists councils with the cost of new infrastructure by funding 50% of the interest paid on borrowings related to infrastructure. This helps councils to bring forward the delivery of infrastructure that enables new housing supply.
Under the program:
- $31million is available in for the program.
- The NSW Government will refund 50% of the cost of council’s interest payments on loans for eligible infrastructure.
- Any council eligible to apply for the TCorp loan facility is eligible to apply for the LCLI. Loans may be taken out through TCorp or another financial institution of council’s choice.
- The loans must be used for infrastructure that enables new housing supply.
- The council is responsible for repaying the loan funded by TCorp, or another financial institution of the council’s choice, on their standard terms and prudential requirements.
Apply for the LCLI
Announcements for future rounds will be published online.
Location and funding of successful projects
The NSW Government invested over $15 million to kick start nearly $300 million worth of essential infrastructure to support growing communities across metropolitan and regional NSW.
Round 2 successful councils and projects:
Albury City Council: Thurgoona Link Road
- Berringan Shire Council: Barooga water treatment plant and Lewis Crescent
- Griffith City Council: CBD precinct
- Queanbeyan-Palerang Regional Council: Ellerton Drive
- Wagga Wagga City Council: Infrastructure, recreation and utilities projects.
For more information, you can view more details in the full list of LCLI Round 2 successful projects in NSW (PDF, 58 KB).
Round 1 successful councils are located across NSW:
- Riverina Murray: Albury City Council, Griffith City Council, Wagga Wagga City Council
- Central West and Orana: Blayney Shire Council, Mid-Western Regional Council
- Metropolitan Sydney: Cumberland Council, Hawkesbury City Council, Liverpool City Council
- Illawarra-Shoalhaven: Shoalhaven City Council
- South East and Tablelands: Yass Valley Council.
You can also view more details in the full list of LCLI Round 1 successful projects in NSW (PDF, 71 KB)
Page last updated: 17/12/2019