Port Macquarie Hastings LGA Secures $5.6 million Roads Revamp

Port Macquarie Hastings LGA Secures $5.6 million Roads Revamp

Minister for Local Government Paul Toole and Member for Port Macquarie Leslie Williams today announced that the Port Macquarie-Hastings Local Government Area (LGA) will get a revamp of one of its local roads, thanks to a generous subsidy from the NSW Government in round three of the Local Infrastructure Renewal Scheme (LIRS).

Introduced by the Liberals and Nationals Government, the scheme encourages councils to make greater use of borrowings to accelerate investment in long overdue community projects.

Under the third round, councils are provided with a three per cent interest subsidy for up to 10 years on loans.
“The NSW Government is committed to Rebuilding NSW and in order to achieve this we need a strong local government sector with the infrastructure to match,” Ms Williams said.

“That is why the NSW Government has committed $120 million to the LIRS scheme until 2025.

“The application from Port Macquarie-Hasting Council will see $5.6 million spent on the upgrade of Hastings River Drive from single to dual carriageway between Park and Aston Streets.

“I am delighted that Port Macquarie-Hastings Council was a successful applicant. The community has been asking for this upgrade for a long time so it is fantastic to report that there will now be an opportunity for the Council to deliver improvements to Hastings River Drive.”

Port Macquarie-Hastings Council has previously been granted approval for an interest subsidy under the Local Infrastructure Renewal Scheme (LIRS) to realign and replace the Ocean Drive Bridge over the Stingray Creek at North Haven.

Mr Toole said in the first two rounds of the scheme, 137 individual projects across 87 councils had benefitted, unlocking almost $680 million for shovel-ready projects.

“Thanks to round three of the scheme, an additional $148 million in infrastructure spending will be unlocked.

“The LIRS is a key part of the Government’s commitment to address the crippling $7.4 billion infrastructure backlog faced by local governments (as at June 2012).

“The community knows that building infrastructure makes a significant difference to both our economy and to people’s lives.”

In total, round three of the LIRS received 69 applications, which were assessed by an independent panel.

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