Low cost loans for councils
The NSW Government will invest $31 million for councils to build up to $500 million worth of essential infrastructure to support growing communities.
Minister for Planning and Housing, Anthony Roberts, said the Low Cost Loan Initiative launched today would help councils fund critical infrastructure projects that support new homes.
“This groundbreaking initiative will provide councils with safe, cheaper finance subsidised by the Government that will ensure they can provide key infrastructure like local roads, parks, playgrounds and libraries for our ever-changing communities faster,” Mr Roberts said.
“The participation of metropolitan and regional councils in improving their communities through these loans will enable them to deliver better places for present and future generations.