Cessnock City Council lobbying for a Future Fund
Cessnock City Council is calling on the NSW Government to support the establishment of a $200 million future fund for the upgrade of local infrastructure.
Cessnock City Mayor, Councillor Bob Pynsent said a motion was passed by Council to write to the NSW Government to seek to their support to set up the fund.
“$200 million from the NSW Government would be invaluable to our community as we have a vast local road network.”
“The future fund would see $20 million per year allocated to Cessnock City Council for 10 years to undertake a rolling Capital Works Program”.
“This type of funding would go a long way in upgrading and maintaining our local, regional and state roads into the future. Further it would allow for upgrades and improvements to local parks, buildings and bridges,” Cr Pynsent.
The motion follows the State Governments announcing the $16 billion generated by the sale of the partial lease of Ausgrid will be invested in critical infrastructure projects.
Mayor, Councillor Pynsent called it a unique opportunity.
“It’s not very often opportunities arise to seek additional support from the NSW Government. We’ve identified the time is right and will work hard to secure what we believe is our fair share,” Cr Pynsent said.