Federal Member for Parkes, Mark Coulton has welcomed the Commonwealth Government’s announcement that an infrastructure project will be funded in the Parkes electorate under the $1 billion National Stronger Regions Fund.
The Government will provide $212 million in funding to 51 priority infrastructure projects nationwide in Round One of the programme, including $3.29 million in the Parkes electorate.
Under the Government’s National Stronger Regions Fund, the Dubbo Regional Livestock Markets will receive funding to upgrade its Cattle Sale Facilities. The funding will be up to a maximum of 50 per cent of the total project cost.
Mr Coulton said the funds would upgrade and expand the cattle sales facilities at the Dubbo Regional Livestock Markets.
“This funding is a big boost not only for the Dubbo economy but also for livestock producers across New South Wales,” Mr Coulton said.
The National Stronger Regions Fund will deliver $1 billion over five years to enhance economic growth and sustain regions into the future.
The Government has been exceptionally pleased with the amount of interest in the Fund, with 405 applications received in Round One, seeking funding of over $1.2 billion.
After a competitive merit-based selection process, Government funding has been approved for 51 local projects around the nation.
”We are committed to strengthening regions across Australia by investing in projects to build or upgrade vital infrastructure,” Mr Coulton said.
“The investments announced today focus on strengthening communities in the Parkes electorate by improving economic growth, boosting productivity and creating employment opportunities.”
More information about the National Stronger Regions Fund is available online on www.infrastructure.gov.au/nsrf.