Merimbula Airport will get a $4.5 million revamp thanks to a loan subsidy from the NSW Government’s Local Infrastructure Renewal Scheme, Member for Bega Andrew Constance said on Tuesday.
The $70 million scheme provides councils with a four per cent interest subsidy over 10 years on loans to allow infrastructure projects to go ahead.
Minister for Local Government Don Page said the scheme would unlock shovel-ready infrastructure projects for communities across the State.
Mr Constance said the airport project involves the renewal of the existing 1600m runway, provision of lighting, and renewal of the apron as well as the taxiway.
“I am delighted the NSW Government can assist our community to finally begin work on this vital project,” Mr Constance said.
“Merimbula Airport is a vital piece of infrastructure for the region, servicing over 50,000 passengers a year.
“It is a vital link to the rest of the nation for our community.’’
Bega Valley Shire Council plans to borrow $3.5 million to fund the work, assisted by the State Government’s interest rate subsidy under the NSW Government’s Local Infrastructure Renewal Scheme.
Mr Page said the projects covered by the scheme include roads, bridges, community halls, libraries, paths, parks, water facilities and airports.
The scheme is expected to give the green light to up to $1 billion worth of infrastructure across the State.
“Almost 100 applications from councils across the State were received for funding,” Mr Page said.
“This scheme is a promise kept by the NSW Liberals & Nationals. It will create jobs, develop and renew infrastructure and improve the quality of life for the people of NSW.
“With the first round of applications complete, there is still $60 million to fund other projects across the State in future rounds of grants under the scheme,” Mr Page said.
Mr Page urged councils who missed out to apply for the second round of funding, expected to open by the end of the year.