Australian Govt allocates $750m for local roads and infrastructure
Phase 4 of the Local Roads and Community Infrastructure Program (LRCI) will continue supporting local communities across the nation as the Australian Government provides $750 million in funding to get projects going.
$500 million was previously allocated in accordance with advice to councils prior to the election in May of last year. The significant funding will be spent by councils on priority local roads and community infrastructure projects.
Through the October 2022 Budget announcement, a further $250 million has been committed to support road projects in regional, rural and outer urban areas – delivering on an election commitment.
“The additional $250 million in this phase will prioritise road upgrades in regional, rural and outer urban areas, which we know is a vital concern for many councils across the country – particularly following events like floods and natural disasters.
“We have listened and we are acting to prioritise regional and rural roads.
“This is yet another demonstration of our commitment to standing side-by-side with councils to support them in their vital role in delivering critical services for their communities,” Infrastructure, Transport, Regional Development and Local Government Minister Catherine King said.
A robust methodology is going to be used by the Australian Government to determine eligible councils for the $250 million funding. Details of the allocations are set to be announced soon.
Councils can access Phase 4 funding allocations starting in July of this year and projects are set to be delivered by 2025.
The LRCI Program supports councils across Australia in delivering priority local road and community infrastructure projects in their regions while also creating jobs and long-lasting benefits for communities.
“The LRCI Program delivers projects such as upgrades to roads, community halls, parks and sports facilities, bike paths and playgrounds.
“We know what a difference good local roads and community facilities can make, particularly in regional and rural communities, which is why we have increased both the funding amount and the delivery window for Phase 4.
“This will give councils the time they need to plan for larger or more complex projects that may be higher priority and have a bigger impact in their community,” Regional Development, Local Government and Territories Minister Kristy McBain said.
Over the coming months, the Department of Infrastructure, Transport, Regional Development, Communications and the Arts will finalise guidelines and grant agreements for Phase 4.
Source: Minister for Infrastructure, Transport, Regional Development and Local Government; Infrastructure Magazine
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