Sewerage now in the pipeline
A $2.8 MILLION interest-free loan from the NSW Government will fully fund new sewerage infrastructure to support development in Coffs Harbour South.
The project will provide reticulated sewerage to land earmarked for residential development south of the Stadium Drive/Hogbin Drive precinct.
It includes a trunk sewer pump station and trunk rising main so the residential development can progress.
“The council is delighted to receive this government assistance,” Coffs Harbour mayor Cr Keith Rhoades told The Coffs Coast Advocate.
“The money saved in interest over that time is a sizeable amount.”
The NSW Planning Minister, Tony Kelly, said the South Coffs urban release area was a key site to accommodate projected population growth in the city.
“It’s in an attractive location for developers in terms of proximity to local education, sporting and health services,” Mr Kelly said.
The Government has announced more than $179 million in interest free loans for 37 projects across 33 high-growth council areas which met the criteria for funding under the Local Infrastructure Fund.
Mr Kelly said the fund aimed to bring forward local infrastructure projects delayed due to local funding shortfalls holding back urban development.
“The interest free loan will help councils to not only deliver important water, sewer, drainage and roads infrastructure, but also progress new urban development and stimulate local employment,” the Minister said.
“All projects funded will provide an immediate boost to local communities.
“Applications were evaluated by an independent assessment panel and had to meet a set of strict criteria, which included facilitating development of new housing, creating employment and being value for money, and the council had to have the capacity to deliver the project.
“Projects are expected to be completed within 18 months of the loan being issued and the loan repaid within 10 years,” the Minister added.