The $1.3 billion National Water Infrastructure Development Fund and $2 billion National Water Infrastructure Loan Facility are in place to deliver the planning, assessment and construction work needed to build the water infrastructure of the 21st century.
Our response to the ongoing drought impacting rural and regional communities is comprehensive and committed. It deals with immediate needs for financial assistance in and longer term investments to build drought resilience for the future.
And it’s not set and forget. We are continually adding to our drought response, saying loud and clear that we’re backing Australians who are battling the drought.
Together we’ll deliver a $650 million upgrade of Wyangala Dam in the state’s Central West and a $480 million new Dungowan Dam near Tamworth.
Our 50/50 investment with the state government in these priority large-scale water infrastructure projects will free up NSW funding to allow them to progress critical town water projects across NSW. We want to get these projects underway because this is about water supply and security.
These projects don’t happen overnight but we’re working as quickly as possible to get all the necessary work done so we can start digging.
We’re also investing an initial $24 million on a 50/50 basis with NSW for the 100,000-megalitre proposed Border Rivers project on the Mole River, near the Queensland border. This will ensure the project is shovel ready and help to identify the potential benefits that could flow on to irrigators and local communities in NSW and potentially Queensland.
This funding brings our water infrastructure commitments to $1.5 billion across 21 projects that are committed or underway. This is part of more than $7 billion in drought support funding that we are already providing and have committed.
The Commonwealth, in partnership with the NSW Government will build the first new dam in NSW for more than 30 years. The last was Split Rock Dam on the Manilla River in 1987.
The NSW Government is working in lockstep with the Commonwealth to make absolutely certain all obstacles are cleared and these dams get built.