Deadline: 30-Sep-22
The NSW Government is now inviting applications for its Accelerated Infrastructure Fund (AIF) to support the delivery of local infrastructure in high-growth greenfield and brownfield areas of metropolitan and regional NSW.
This includes funding for councils, state agencies and utilities to deliver roads, stormwater, electricity infrastructure, sewers and open public space projects that enable and support the construction of new homes.
AIF 3 provides stimulus funding to accelerate construction projects that will support new homes. These projects can be delivered by eligible councils, state agencies and state-owned utility authorities.
Objectives
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The objectives of AIF 3 are to:
- support housing growth in both metropolitan and regional NSW
- have all projects start construction within 2 years to accelerate housing delivery
- partner with councils and agencies to co-fund an expanded and accelerated infrastructure program
- deliver critical enabling infrastructure projects that will create new, serviced development land
- deliver local development infrastructure projects that can accelerate housing supply and construction activity
- deliver social infrastructure that supports emerging populations and responds to current service shortfalls.
- These objectives recognise the expansion of the program to apply to both metropolitan and regional areas, as well as supporting a mix of infrastructure categories that all contribute to housing supply. They directly inform the way in which project nominations will be assessed.
Funding Information
- Metropolitan: Up to $180 million
- Regional NSW: Up to $120 million
Mandatory Criteria Assessment
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To be eligible for funding under AIF 3, the projects must meet the following mandatory criteria:
- Project must deliver a piece of infrastructure
- Project must demonstrate how it supports housing
- Applicant must finance (co-fund) a minimum of 25% of the total project cost
- Project construction must begin by 1 July 2025
- Projects must be completed by 30 June 2026
- Project sites must already be owned or committed for acquisition before provision of AIF funding
- Project funding requests must fall within the range of $0.5m – $25m
- Projects must have executive approval to be co-funded (letter provided) through the AIF 3 program
Exclusions
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The following are out of scope and not eligible for funding under the AIF Program:
- Operational expenditure associated with the project once delivered
- Infrastructure already fully funded by local government
- Infrastructure already fully funded by the Australian Government
- Infrastructure located outside the eligible local government areas
- Expenditure for community consultation
- Costs associated with legal matters for the project
- Any expenses not expressly identified within the scope of the funding agreement
- Expenditure the agreed funding amount
- Expenditure incurred before the announcement that the project has been funded
- Soft infrastructure, including computers, software or hardware that is not an integral part of the project
- Payment of salaries for existing staff or staff not involved in the project
- Administrative overhead items – that is, office equipment, vehicles – or mobile capital equipment – for example, earthmoving equipment, trucks etc.
- Ancillary projects identified after funding was approved.
For more information, visit NSW Government.
For more information, visit https://www.planning.nsw.gov.au/Plans-for-your-area/Infrastructure-funding/Accelerated-Infrastructure-Fund/Round-3