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 States economic growth and productivity. It is supported by the Governments asset recycling program, with proceeds deposited into the Restart NSW Fund before being invested into infrastructure projects. As at November 2020, $35.3 billion has been paid into the Restart NSW Fund (this includes $2.6 billion of unrealised investment returns in the NSW Infrastructure Future Fund).

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 projects Benefit Cost Ratio (BCR) to assess this: a projects 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.

For further information on the Restart NSW Fund please contact the Restart NSW Team at restart@infrastructure.nsw.gov.au

 

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 use of Restart NSW funding.

As at November 2020, the NSW Government has provided Restart NSW funding to more than 750 local projects, for a total of $2.2 billion. Nearly 350 projects are now complete, and a further 395 are in various stages of delivery. For more information, view the latest Restart NSW booklet here.

The Restart PMO, within Infrastructure NSW, 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.

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 November 2020, 210 of these projects are complete, with another 114 in various stages of delivery.

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.

Projects include road works, water supply, sewerage connections, telecommunications, education projects, saleyards and airports.

As at November 2020, one project is complete and 42 are in various stages of delivery.

The Growing Local Economies program is now fully allocated.

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 November 2020, three of these projects are complete, with 59 in various stages of delivery.

The Environment and Tourism Fund is now fully allocated.

 

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 from the Restart NSW Fund 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 November 2020, 39 of these Restart NSW funded Resources for Regions projects are complete, with 27 in various stages of delivery.

The Restart NSW component of the Resources for Regions program is fully allocated. More information on the program is available at Resources for Regions

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 November 2020, four of these projects are complete, with 71 in various stages of delivery.

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, 27 projects are complete and 40 remain in delivery.

The Water Security for Regions program and the Restart component of the Safe and Secure Water program are both fully allocated. Further information regarding the programs 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, 8 are complete, with 14 in delivery, and 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.

Fourteen projects were completed under the Cobbora Transition Fund. 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.

As at November 2020, three projects are complete with a further three 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.

As at November 2020, 23 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.

As at November 2020, nine projects are complete, with the three 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. Projects are in both Regional and Metropolitan NSW, and include major public transport initiatives, regional rail improvements, bridge upgrades, new or improved hospitals and schools, upgrading country highways and tackling congestion in our cities.

Spending from the Restart NSW Fund is detailed in the Infrastructure Statement, which forms part of the annual Budget Papers. Previous Budget Papers can be found on the NSW Treasury website.

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