Deadline looms on capital project funding

By Staff Writer

The deadline is fast approaching for councils seeking their share of funding under the Federal Government’s $650 million Jobs Fund.

The first round of applications for the funding of one-off capital projects, including bike paths, heritage projects and community infrastructure, close on May 22.

The Government will prioritise projects in regions experiencing higher levels of disadvantage and unemployment, but applications for funding are not limited to priority areas.

The Jobs Fund comprises of three streams of funding: $300 million for community infrastructure projects that focus on the promotion of environmentally friendly technology and heritage; $200 million for self-sustaining projects which create jobs and provide community activities, services and amenities; and $150 million for investment in infrastructure projects which generate jobs in regions affected by the economic downturn.

It also includes the National Bike Path Program, which is open to local, state and territory governments, along with non-profit organisations and community groups.

Funding is available for new, extended or refurbished off-road bike paths, on-road bike lanes and bicycle parking facilities.

Applicants must demonstrate how the project will create local jobs. A joint funding contribution of 50 per cent is expected.

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