- PCA urges NSW to continue Accelerated Infrastructure Fund
- Says funding is needed for "vital infrastructure" in Sydney's North-West
The Property Council of Australia (PCA) has called for the New South Wales Government to continue financial support for the Accelerated Infrastructure Fund (AIF) in the upcoming budget.
In particular, the Property Council’s Western Sydney Regional Director, Ross Grove, says funds are needed for the delivery of what he describes as “vital infrastructure” in Sydney’s North West.
“The Accelerated Infrastructure Fund is a critical plank in ensuring growing communities in the North West get the local roads, sporting fields and community infrastructure needed to support an expanded population base.”
Ross Grove, PCA Western Sydney Regional Director
Today, the New South Wales Government did announce construction work is underway on all 14 projects in The Hills and Blacktown. These projects in total received $145 million worth of funding from the AIF.
Mr Grove said in the PCA’s pre-budget submission, the organisation asked for funding to continue support for local infrastructure as a means of promoting economic activity in the short with a long term effect of improving liveability for local residents.
“The property industry accounts for more than one in ten local jobs provided in the Blacktown and The Hills local government areas,” said Mr Grove.
“We need to ensure this part of our economy keeps ticking over as the region charts a course toward economic recovery. Unlocking funds for local infrastructure is an important part securing a stable supply of new housing while keeping the costs of building in new areas affordable.
“We look forward to seeing the great work done by the AIF expanded into the coming financial year.”