Financial Assistance Grants to benefit Australian Capital Territory
18 August 2014
The Australian Capital Territory will receive $48.9 million from the Australian Government to support local projects and services as part of the Government's $2.3 billion Financial Assistance Grant programme for 2014–15.
The Coalition Government's commitment will provide $9.3 billion to from 2014–15 to 2018–19 through the Financial Assistant Grant programme to deliver services and build community infrastructure.
Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss announced that the $48.9 million comes with no strings attached, meaning Councils and the ACT are free to spend their allocation according to local priorities, be it for infrastructure, health, recreation, environment and/or employment projects.
“The first quarterly payment under the Financial Assistance Grant Programme to the Australian Capital Territory Government has been made,” Mr Truss said.
“This vital cash injection to meet local needs comes on top of the $5.6 million the Australian Capital Territory is entitled to receive this financial year under the Roads to Recovery programme. The Australian Capital Territory will receive a double Roads to Recovery payment next year of $11.2 million (and a further $130,000 over the life of the Community Development Grants programme).
“The Australian Capital Territory can also now apply for further federal funding of $565 million for the Black Spots programme and $300 million through the Bridges Renewal programme.
“The Coalition Government is committed to ensuring that the ACT gets the funding they need to deliver the infrastructure and resources of the 21st century.
“The Coalition Government is also providing $1 billion under the National Stronger Regions Fund through investment in local infrastructure projects that promote economic development.”
Details of the allocations under the Financial Assistance Grant Programme are available online at: regional.gov.au/local/assistance/index.aspx.