NSW Major Projects Conference 2019

17-18 September 2019
ICC - International Convention Centre
Sydney, NSW

Budget Delivers more than $300 Million Housing Infrastructure Boost

Posted On June 18, 2013

Brad Hazzard MP
Minister for Planning & Infrastructure
Minister assisting the Premier on
Infrastructure NSW

  • 12 projects support 42,900 new homes and 1,200 hectares of employment land
  • Builds on last year’s commitment of $181m via Housing Acceleration Fund

The NSW Government has committed $141 million in its 2013-14 Budget to 11 crucial new infrastructure projects that will pave the way for 42,900 new homes in Sydney and the Hunter region.

A further $70 million has also been allocated to a key road upgrade in western Sydney, Old Wallgrove Road, that will unlock 1,200 hectares of employment land, supporting jobs close to homes in new growth areas.

The Government has also allocated $99 million to assist councils fund the gap between what councils charge developers in infrastructure levies, and what it actually costs to build the necessary infrastructure. More than 20,000 homes in The Hills and Blacktown communities are among those which will benefit from the scheme.

Planning and Infrastructure Minister Brad Hazzard said the funding was being delivered under the Government’s Housing Acceleration Fund (HAF) – a half a billion dollar NSW Government commitment to boost housing delivery.

This year’s allocation follows initial funding in last year’s Budget of $181 million across 10 projects to support 76,000 new homes. In total, the HAF will help deliver almost 120,000 new homes across the State.

“The NSW Government is 100% committed to getting new homes on the ground following years of undersupply and we’re already seeing great results,” Mr Hazzard said.

“The delivery of key infrastructure such as roads and wastewater is one of the most critical factors in generating housing supply and this Government is getting the job done.

“Without this ongoing funding, the delivery of tens of thousands of new homes would be significantly delayed or even put in jeopardy altogether.

“This latest allocation, including $302 million of new funding, will continue the supply momentum already achieved by the Housing Acceleration Fund in its first year,” Mr Hazzard said.

Mr Hazzard said that projects funded under the first round of the Housing Acceleration Fund in 2012-13 were tracking well with one project, Stages 1 & 2 of the West Dapto Wastewater Extensions Project, completed.

This project was allocated $3 million under the Housing Acceleration Fund and supports the delivery of around 1,000 new homes in a key land release area.

The acquisition of the Waverley Depot site to support 2,400 new homes at Green Square has also been undertaken.
Other projects that are well underway include:

  • Camden Valley Way upgrade ($4m in HAF to support 41,500 new homes) – construction commenced on two key sections and tenders called for a third
  • Thrumster release area water reservoir ($3m in HAF to support 4,500 new homes in Port Macquarie-Hastings Council area) – construction due to start soon, scheduled completion on track for late 2014.

In another budget initiative relating to new housing development, the Government has allocated $6.3 million to important environmental improvement works in Sydney’s North West and South West Growth Centres and at Warnervale on the
Central Coast.

All three areas are key housing delivery precincts and the funding will allow the Office of Environment and Heritage to offset the biodiversity impacts of new housing development by improving and protecting important nearby ecosystems.

“Through these targetted infrastructure works the NSW Government is opening up opportunities for home builders and business to realise their goals and help build NSW’s future,” Mr Hazzard said.

Source: ProjectLink.com.au

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17-18 September 2019

ICC - International Convention Centre
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