Restart NSW

In 2011 the NSW Government established the Restart NSW Fund to enable the funding and delivery of high-priority infrastructure projects that improve the state’s economic growth and productivity. It is supported by the government’s asset recycling program, with proceeds deposited into the Restart NSW Fund before being invested into infrastructure projects. As at June 2019, funds deposited into Restart NSW since 2011, including investment earnings, have totalled $33.3 billion.

The Restart NSW Fund is governed by the Restart NSW Fund Act 2011. Under the Act, Infrastructure NSW is responsible for assessing and recommending Restart NSW projects which improve the economic growth and productivity of NSW across all sectors. Infrastructure NSW uses a project’s Benefit Cost Ratio (BCR) to assess this: a project’s benefits must exceed the cost of its delivery, as demonstrated by having a BCR greater than 1.

Projects funded from the Restart NSW Fund include a mixture of NSW Government agency-led infrastructure projects, as well as local and community infrastructure projects being delivered by local government, non-government organisations and other entities.

Thirty per cent of Restart NSW funding is targeted at regional and rural areas (outside the metropolitan areas of Sydney, Newcastle and Wollongong) over the lifetime of the fund.

Local and community infrastructure projects are delivered by local government, non-government organisations and other entities.

The majority of these projects are selected via targeted funding programs following a range of open, competitive expressions of interest processes. Infrastructure NSW works closely with a range of NSW Government agencies which administer these programs, before making recommendations to the Treasurer for the allocation of funding.

Infrastructure NSW also administers Restart NSW funding grants on behalf of the Treasurer for these local projects.  A sample funding deed, which is agreed and signed prior to project commencement, is located here.

For further information on Restart NSW funding programs please contact the Director of Restart NSW on 02 8016 0100 or via email at restart@infrastructure.nsw.gov.au

As at June 2019, there are more than 600 local projects which have been allocated $1.6 billion funding under Restart NSW since the first program was announced in 2012. These include more than 220 projects which are complete, and a further 330 which are in various stages of delivery. For more information , view the latest Restart NSW booklet here.

Funding programs supported by Restart NSW include:

Fixing Country Roads

Fixing Country Roads provides funding to local councils to repair and upgrade roads throughout regional NSW to improve and build efficient freight transport networks to reduce costs for businesses. It includes the co-funded Fixing Country Truck Washes program, a collaboration with the Federal Government.

The Fixing Country Roads program helps to fund projects that better connect local and regional roads to state highways and key freight hubs, such as silos, saleyards, rail heads, supermarket distribution centres, industrial parks and depots. As at June 2019, 141 of these projects are complete, with another 123 in various stages of delivery. Further projects have been announced and are expected to commence work soon.

What’s the latest?

For more information on the Fixing Country Roads program, visit Transport for NSW.

Regional Growth Fund - Growing Local Economies

As part of the NSW Government’s commitment to support growing regional centres under the Regional Growth Fund, Growing Local Economies aims to turbocharge new regional economic opportunities and provide long-term growth benefits.

Funding is available for projects of economic significance which could include, but are not limited to, road works, natural gas mains and pipelines, water supply, sewerage connections and telecommunications.

As at June 2019, 24 of these projects are in various stages of delivery with further projects announced and expected to commence work soon.

What’s the latest?

For more information on the program, visit Growing Local Economies.

Regional Growth Fund - Environment and Tourism Fund

The Regional Growth – Environment and Tourism Fund (RGETF) aims to increase tourist visitation by investing in regional environment and tourism infrastructure. It particularly focuses on assets that will grow and further diversify NSW regional economies.

As at June 2019, one of these projects is complete, 39 are in various stages of delivery and further projects have been announced and are expected to commence work soon.

 

What’s the latest?

For more information about the fund, visit Regional Growth – Environment and Tourism Fund.

 

 

Resources for Regions

Resources for Regions aims to address infrastructure constraints in mining-related communities in regional NSW and in Newcastle and Wollongong.

Projects include new and improved infrastructure across the health, water, road, education and tourism sectors, as well as investment in CBD renewals to increase the attractiveness of regional NSW as a place to live, visit and do business.

As at June 2019, 27 of these projects are complete, 26 are in various stages of delivery and further projects have been announced and are expected to commence work soon.

What’s the latest?

More information on the program is available at Resources for Regions

Safe and Secure Water and Water Security for Regions

Safe and Secure Water is a $1 billion fund securing water supply and sewerage services for NSW regional communities, with part of the program funded out of Restart NSW and the remainder funded from the government’s Consolidated Fund. This multi-phased program provides co‑funding to successful applicants such as local councils, water utilities, water corporations and prescribed dam owners for detailed planning and construction activities to install, replace, augment or decommission water and sewerage infrastructure.

As at June 2019, 35 of these projects are in various stages of delivery and further projects have been announced and are expected to commence work soon.

It follows the successful Water Security for Regions program which delivered funding to numerous water projects across NSW for augmenting dams, pipeline and bore works and improving water efficiency mechanisms. From that program, 19 projects are complete and 48 remain in delivery.

What’s the latest?

Further information regarding the program is available at the Department of Planning, Industry and Environment.

 

Housing Acceleration Fund

The Housing Acceleration Fund, managed by the NSW Department of Planning and Environment, was established in 2012 to deliver critical enabling infrastructure to stimulate and accelerate housing development in NSW. The fund creates opportunities for releasing housing through upgrades to roads and other infrastructure.

Restart NSW has contributed to this funding pool over a number of funding rounds, with funds used for both NSW Government agency-led projects and those managed by local councils. Of the local council projects, 14 are in delivery with a number of other projects due to commence soon.

What’s the latest?

A number of projects are now complete, while planning and assessment of other projects are ongoing.

More information on the program can be found at the Department of Planning, Industry and Environment.

 

Cobbora Transition Fund

The Cobbora Transition Fund creates infrastructure that drives economic growth and productivity in recognition of the impact that land acquisition and other activities associated with the Cobbora Coal Project have had on local communities. Funding was provided in two ways – through an expression of interest process, and through $1 million allocated directly to each of the four councils in the region.

Projects allocated funding under the Cobbora Transition Fund range from health care, roads and transport initiatives, through to tourism, events and recreation, and are spread across the region.

Twelve projects are now complete with work continuing on three others.

The fund has been fully allocated.

Hunter Infrastructure and Investment Fund

In 2011 the NSW Government established the Hunter Infrastructure and Investment Fund (HIIF) to enhance infrastructure in the Hunter Region, including Newcastle, and to support economic growth.

Projects funded under the submission-based component of the program have included sporting facilities, innovation precincts and the relocation of the Westpac Life Saver Rescue Helicopter Service.

Two projects are complete with a further four in various stages of delivery.

The fund has been fully allocated.

Regional Tourism Infrastructure

The Regional Tourism Infrastructure program funds critical visitor economy infrastructure projects, such as rail trails and airports to help attract more visitors to regional NSW and make it a more attractive place to live and work.

Work has included upgrades to more than 20 regional airports; boosting their capacity and safety and increasing their ability to attract visitors to regional NSW.

From that program, 18 projects are complete and 13 remain in various stages of delivery.

The fund has been fully allocated

Illawarra Infrastructure Fund

The Illawarra Infrastructure Fund, also known as Restart Illawarra, improves infrastructure in the Illawarra using proceeds from the long-term lease of Port Kembla.

Twelve priority infrastructure projects received funding, including aged and healthcare facilities, a technology hub, facilities for people with disabilities, pedestrian and cycle links, road links and tourism infrastructure.

Seven projects are now complete, with the five other projects still in delivery.

The fund has been fully allocated.

Each year, the NSW Government approves agency-led Restart NSW commitments in its annual budget papers – BP2 Infrastructure Statement.

Restart NSW funding commitments for agency-led programs and projects include major public transport projects, road and bridge upgrades in both metropolitan and regional NSW, hospital and school upgrades, regional rail upgrades and a range of tourism improvement projects.

All past budget papers, including Restart NSW commitments, can be found on the NSW Treasury website.

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