The Hon. Warren Truss MP, Minister for Infrastructure & Regional Development has announced that the Australian Government is getting on with delivering priority economic infrastructure across Australia with Round One of the National Stronger Regions Fund now open.
The new fund will invest $1 billion over five years and support priority economic and infrastructure areas – from freight and transport projects to convention centres and major multi-purpose sports facilities.
These investments will have a major focus on strengthening economies in our regions by improving the productivity, employment, and workforce skills of Australians.
The fund will enhance the economic growth, activity and output of our regions and sustain these gains into the future, with a particular focus on assisting disadvantaged areas to achieve long term economic prosperity.
The fund will invest in crucial infrastructure projects nominated by local communities, ensuring Australia’s regions are investing in their own future.
As well as providing direct investment in major projects that deliver economic and social benefits, the fund will have flow on benefits of improving the capacity of organisations to deliver projects.
The fund encourages the formation of strong partnerships that engage project proponents with the private sector, and local, state and territory governments.
Projects seeking funding will be considered in consultation with the Australian Government’s National Infrastructure Committee, which has a strong interest in, and commitment to, harnessing the potential of Australia’s regions.
The Guidelines for the National Stronger Regions Fund detail the type of project proposals sought, how to lodge an application, how assessments will be conducted, and critical programme dates.
To access the guidelines, and to lodge a Round One application, visit www.infrastructure.gov.au/nsrf.