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Monday, July 16, 2012

North Dubbo’s struggling stormwater infrastructure will get $1.5 million boost thanks to a generous loan subsidy from the NSW Government’s Local Infrastructure Renewal Scheme, Member for Dubbo Troy Grant said today.

The $70 million scheme provides councils with a four per cent interest subsidy over 10 years on loans to allow infrastructure projects which languished for 16 years under Labor to finally go ahead.

Minister for Local Government Don Page said the scheme would unlock shovel-ready infrastructure projects for communities across the State.

Mr Grant said the local project will provide trunk drainage infrastructure in North Dubbo which will support other drainage initiatives such as improving kerbs and guttering so that stormwater can be discharged to receiving areas.

“I am delighted the NSW Government can assist our community to have work begin on this vital project in a growing part of our community sadly ignored by Labor,’’ Mr Grant said.

“This project will provide underground drainage for the first time to the area which has a significant population.

“Anyone who has been in this area knows that, being flat, there are difficulties in draining stormwater away.

“Draining stormwater away properly reduces flooding which endangers residents and causes damage to dwellings as well as disruption and inconvenience to the community.’’

Dubbo City Council plans to borrow $1.5 million to fund the work, assisted by the State Government’s interest rate subsidy under the Local Infrastructure Renewal Scheme.

Mr Page said the projects covered by the scheme include roads, bridges, community halls, libraries, paths, parks, water facilities and airports.

The scheme is expected to give the green light to up to $1 billion worth of infrastructure across the State.

“Almost 100 applications from councils across the State were received for funding - a response which illustrated how dire the backlog in infrastructure was under the previous Labor Government,” Mr Page said.

“This scheme is a promise kept by the NSW Liberals & Nationals. It will create jobs, develop and renew infrastructure and improve the quality of life for the people of NSW.

“With the first round of applications complete, there is still $60 million to fund other projects across the State in future rounds of grants under the scheme," Mr Page said.

Mr Page urged councils who missed out to apply for the second round of funding, expected to open by the end of the year.

NSW Treasurer Mike Baird said the Government was serious about building for the future.

"What we are saying to councils is that we will help share the burden on borrowing costs on the loans required to tackle the infrastructure backlog," Mr Baird said.

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