The NSW Government today committed a further $137 million to drive economic growth and prosperity through the Wagga Wagga Special Activation Precinct.
This is in addition to the $20.6 million announced in November last year and represents a total commitment to Wagga of almost $158 million to date.
Duty MLC for Wagga Wagga, Wes Fang, announced funding for construction of the precinct’s infrastructure following the finalisation of the precinct master plan amendment to the Activation Precincts State Environmental Planning Policy (SEPP) to include Wagga Wagga.
“I am really excited to be here today and to see the vision for the Wagga Wagga Special Activation Precinct coming to life,” Mr Fang said.
“This $137 million investment kick-starts the delivery of the precinct, funding core infrastructure to get businesses set up sooner in Wagga Wagga.”
The precinct capitalises on Wagga Wagga’s location as NSW’s southern gateway and central to Australia’s richest food and agricultural region, the Riverina.
“Now we get to see and feel this precinct grow. We can build the infrastructure to further develop Bomen and expand on the existing industries to bring economic growth and jobs to our region,” Mr Fang said.
“We are bringing the government investment, and we know that whatever we put in will attract ten times its value in private investment, which flows to the local community.
“Investment interest is already very high and the final delivery plan will be the last link to enabling fast-track planning approvals to get businesses up and running in the precinct.”
With the precinct master plan complete, Regional Growth NSW Development Corporation will lead its delivery by providing design and construction, a delivery plan to support streamlined approvals, and a business concierge service to help investors set up or expand in the regions.
The delivery plan will provide development requirements for businesses within the precinct and go on public exhibition in mid-2021, while a tender process to build the precinct’s stage 1 infrastructure is planned in late 2021.
The 4,500 hectare Wagga Wagga precinct targets businesses in freight and logistics, agribusiness, advanced manufacturing, innovation, skills and education, and renewable energy and recycling, with a focus on sustainability.
Special Activation Precincts are part of the $4.2 billion Snowy Hydro Legacy Fund, dedicated to major and transformative infrastructure projects that will benefit regional NSW.