The Property Council of Australia has called on the NSW Government to continue financial support for the Accelerated Infrastructure Fund (AIF) in the upcoming NSW Budget to deliver vital local infrastructure to growing communities 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," the Property Council's Western Sydney Regional Director Ross Grove said today.
Today the NSW Government announced that construction was already underway on all 14 projects in The Hills and Blacktown that received a share of $145 million in funding from the Government and local councils - and this was due to the funding support provided by the Accelerated Infrastructure Fund.
"In our Pre-Budget submission we have asked that this funding continue as support for local infrastructure is essential to promoting economic activity in the short term, while also improving liveability outcomes for residents in the long term.
"The property industry accounts for more than one in ten local jobs provided in the Blacktown and The Hills local government areas. 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."
