FUNDING NEW INFRASTRUCTURE TO INCREASE HOUSING SUPPLY IN RIVERSTONE
Written on the 4 July 2016 by Kevin ConollyThis week's announcement of Sydney Water completing wastewater mains which will allow the construction and connection of approximately 9,000 dwellings in North West Sydney is welcome news for the residents of this rapidly expanding region of Sydney said Mr Kevin Conolly MP, Member for Riverstone.
"These works are made possible because of the NSW Government's continued commitment to resourcing the Housing Acceleration Fund (HAF) to increase the state's housing supply" said Mr Conolly.The HAF provides funding for critical growth infrastructure projects to drive housing construction and supply; such as drinking water, wastewater and stormwater facilities as well as arterial roads. Without these basic infrastructure facilities in place there is no chance for the development of vacant land into newly constructed dwellings for the public to acquire.
Over 3 kms of wastewater pipes have been laid already as part of these projects with the first homes able to be connected to the mains at the end of July."More new dwellings mean more affordable houses for new home buyers and families entering the marketplace" said Mr Conolly.
Two wastewater network projects have already been completed serving the Alex Avenue and Riverstone precincts."A third project will commence in the near future, to be delivered by December 2019 with estimated total budget of over $52 million providing the opportunity for even further homes for families in Riverstone.
"The HAF is helping to meet housing needs, putting downward pressure on house and land prices and generating economic activity vital for the NSW economy," said Mr Conolly.
Author: Kevin Conolly
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