The Property Council of Australia has welcomed the details released by the NSW Government to unlock a $300 million plan to fast-track the delivery of essential infrastructure and unlock tens of thousands of homes across the State.
The Accelerated Infrastructure Fund (AIF) was announced on 3 April 2020 as part of the Planning System Acceleration Program to cut red tape and fast-track planning processes to keep people in jobs and the construction industry moving throughout the COVID-19 crisis.
The objectives of the fund are to:
- Fund infrastructure that unblocks development approvals, enables development activity and speeds up the delivery of housing supply.
- Stimulate construction activity by investing in infrastructure projects that can be brought forward quickly.
- Encourage developers to enact development approvals and invest in construction.
- Encourage local councils to bring forward expenditure of local developer contributions to accelerate infrastructure delivery.
More information [HERE].