New state Government $200m Building our Regions Infrastructure Fund
The State Government has announced a new $200M infrastructure program called
9 June, 2015 3 min read
The State Government has announced a new $200M infrastructure program called Building our Regions, to fund critical infrastructure including airports, transport and road projects and waste water projects.
The Building our Regions will provide $200M over 2 years commencing 2016-17 with the first round expected to be opened later in 2015 (post-August) for projects commencing between July and December 2016.
Building Our Regions will provide targeted infrastructure program for three main types of local government infrastructure projects:
· transport infrastructure (e.g. airports, transport projects and roads)
· flood mitigation infrastructure (e.g. levees and drainage works)
· critical community infrastructure (e.g. water, waste water and sewerage).
Program is comprised of 4 funds:
1. Regional Capital Fund ($70M over two years) – NEW targeting councils of provincial cities and surrounding rural areas ($250,000 – $5M per project)
2. Royalties for Resource Producing Communities Fund ($55M over two years) – NEW targeting councils of mining communities ($250,000 – $5M per project)
3. Remote Communities Infrastructure Fund ($15Million over 2 years) – NEW targeting councils of remote communities ($100,000 – $500,000 per project)
4. Transport Infrastructure Development Scheme (TIDS) ($60M over two years) – EXISTING.
The first 3 new funds are managed by the Department of State Development and will be open only to regional councils as per the list at Attachment 1. Differing levels of co-contribution will be required for projects under each fund.
The 4th existing scheme that forms part of Building our Regions will continue to be managed by the Department of Transport and Main Roads and is aimed at supporting the local transport infrastructure needs of regional, rural and remote communities throughout Queensland. Specifically, the program seeks to:
· improve transport access to ATSI communities
· support development in the regions (e.g. tourism, freight transport in and to remote areas).
More information about TIDS is available here.
List of eligible councils
|Regional Capital Fund||Royalties for Resource Producing Communities Fund||Remote Communities Infrastructure Fund|
Torres Strait Island
|TOTAL: 25||TOTAL: 18||TOTAL: 26|