Major Water Infrastructure Projects Across Australia
Published on by Water Network Research, Official research team of The Water Network in Government
The Federal Government of Australia launched its $2 billion National Water Infrastructure Loan Facility, to kick-start a series of major water infrastructure projects across the country.
PHOTO: Concessional loans are now available to state and territory governments to fast-track water infrastructure projects. (ABC Rural: Matt Brann)
Concessional loans are now available to state and territory Governments, who if successful in getting a loan, will be expected to start construction within a year of funding approval.
Federal Minister for Agriculture and Water Resources Barnaby Joyce said the scheme would help "waterproof" Australia's future.
"Under the Australian Constitution, state governments are primarily responsible for water management. However, I have noticed an under-investment in new water infrastructure in recent decades," he said.
"That is why we are putting $2 billion of concessional loans on the table for the states and territories to partner with us in delivering the water infrastructure needed to help our agriculture sector reach its full potential."
Expressions of interests received by March 16 will be assessed before the end of this financial year.
Those received by August 17 will be assessed prior to November 1 this year.
Expressions of interest will continue to be accepted until June 30, 2026, or until funding is fully committed.
The program is separate to the $500 million National Water Infrastructure Development Fund.
Read more at: ABS
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