Latrobe City to benefit from $100 million regional infrastructure fund
- Deputy Premier announces a re-elected Coalition Government will establish a $100 million infrastructure fund for regional cities
- Latrobe City is one of 10 regional cities to benefit from $100 million fund
- The Nationals Member for Morwell Russell Northe welcomes commitment
Latrobe City will be one of 10 regional cities to benefit from a new $100 million Regional Cities Infrastructure Program to be established by a re-elected Victorian Liberal Nationals Coalition Government, Deputy Premier and Leader of The Nationals Peter Ryan announced today.
Mr Ryan said the grants program would be delivered out of the $1 billion Regional Growth Fund and would invest in infrastructure projects that help regional cities keep up with their growing populations.
“Regional Victoria is going through a period of significant growth. While this is fantastic news for communities and local economies, it will place pressure on regional infrastructure,” Mr Ryan said.
“If the Coalition Government is re-elected we will introduce the $100 million Regional Cities Infrastructure Program to support critical economic and social infrastructure, urban renewal, and sporting and cultural facilities in these cities to ensure they remain vibrant and successful.
“The fund will be in addition to – not replacing – existing and future government funding for important traditional infrastructure such as schools, hospitals and police stations.”
The Nationals Member for Morwell Russell Northe said the current combined population of Victoria’s 10 biggest regional cities was expected to increase from 800,000 to 1.1 million people by 2031.
“Latrobe City is one of Victoria’s 10 biggest regional cities, with a population of around 73,846 people – expected to reach 90,741 by 2031,” Mr Northe said.
“While this isn’t surprising to locals who know the Latrobe Valley is a fantastic place to live, it is important that Latrobe is equipped with the resources to handle the forecast population growth.
“The Nationals, as part of a Coalition Government, know that when the regions do well, the entire state does well. So we are committed to ensuring regional cities continue to thrive.
“Through the Regional Growth Fund the Coalition Government has already invested more than $20.7 million into 78 projects in Latrobe City, leveraging more than $75.1 million worth of total investment.
“This compares to the Labor Party’s policy of scrapping the $1 billion Regional Growth Fund – and therefore the Regional Cities Infrastructure Program – and replacing it with their failed Regional Infrastructure Development Fund which over 11 years invested just $611 million across the entire state.”