NSW Treasury Corporation (TCorp) offers long-term, competitively priced funding to NSW local councils deemed financially sustainable, subject to credit criteria and other qualifying factors.
TCorp loans are offered at a discounted interest rate compared to commercial banks, resulting in tangible savings for NSW ratepayers.
Councils can use the loans to fund new infrastructure or upgrade existing facilities.
Since 2016, over $1.5 billion in low-interest loans have been approved for more than 65 councils, funding projects such as water and sewer infrastructure, roads, bridges, sports ovals, art galleries, central business district redevelopment and housing-related infrastructure.
The availability of safe, secure and low-cost loans encourages councils to place a greater focus on the management and renewal of their assets.
More information about TCorp can be found here.