Wingecarribee Shire Council Deputy Mayor, Councillor Graham McLaughlin has today welcomed the news that the Southern Highlands will receive $4.0 million in subsidised interest funding under the NSW Government’s Local Infrastructure Renewal Scheme (LIRS).
“With this money Council will re-seal over 100 kilometres of local roads across the Southern Highlands,” Councillor McLaughlin said. “It’s a real shot in the arm for our Shire.”
Designed to encourage councils to make greater use of borrowings to accelerate long-term community projects, the scheme will see Wingecarribee Shire Council receive a three per cent loan interest subsidy for up to 10 years.
The subsidised funding came in the third round of LIRS monies announced by the NSW State Government which totaled $148 million.
“The Southern Highlands covers a massive geographic area and providing uniform infrastructure across the length and breadth of our Shire can prove a challenge,” the Deputy Mayor added.
“Obviously any assistance is much appreciated and we thank both the State Member for Goulburn, Pru Goward MP for her support and the NSW State Government for this subsidy.”