| July 10, 2018
Funding Builds Better Regions in Shepparton
• The Shepparton CBD Revitalisation – Bus Interchange in Murray funded under Building Better Regions Fund – Infrastructure Projects Stream
• The Coalition Government is investing $2.3 million in projects in the Murray electorate
• 136 projects will be funded under the Infrastructure Projects stream, with the Coalition Government investing over $200 million
The Murray electorate is set to benefit from an improved transport hub following the announcement that the Shepparton CBD Revitalisation – Bus Interchange project will be funded under the Building Better Regions Fund – Infrastructure Projects stream.
Federal Member for Murray the Hon Damian Drum MP said the project was a significant investment in building a stronger economy and driving jobs for the long term.
“This is a fantastic outcome for the Shepparton community, with the project receiving $1.68 million to relocate the existing Bus Interchange and construction of a plaza, a community meeting space and public amenities,” Mr Drum said.
“This will have major flow-on benefits across the community for those who use the buses, particularly those on lower incomes by providing access to employment and by stimulating investment and new business in the lower end of Maude Street. It will particularly benefit new migrants and the indigenous community through access to employment, stimulating private investment, addressing vacancies and creating employment for the Shepparton community, ensuring our region will continue to thrive and prosper into the future.”
Greater Shepparton City Council Mayor, Kim O’Keeffe said, “The funding is a vital injection of funds to enable the first two stages of the CBD revitalisation project to proceed as planned. The relocation of the bus interchange, the construction of new public toilets including adult change facilities, and a plaza will create a user-friendly space for shoppers in Vaughan Street.
“The funding from the Building Better Regions Fund is critical to ensure Council can improve the facilities and amenities of this area in a timely manner for our residents and visitors. I look forward to seeing the project progress and thank the Federal government for the funding.”
Minister for Regional Development, Territories and Local Government John McVeigh said the project will deliver significant economic and social benefits to the community.
“Under round two of the Building Better Regions Fund – Infrastructure Projects stream, the Coalition Government is investing well over $200 million in 136 projects with a total leveraged project value of $459 million,” Dr McVeigh said.
“This means, in each successful community much anticipated local projects are receiving the funds needed to take a big idea and make it a reality.
“The Coalition has a plan for regional Australia and we are focused on getting it done. It’s a plan to create more jobs, drive economic growth and build stronger regional communities”.
“A further $200 million was announced in the 2018-19 Budget for a third round of the Building Better Regions Fund - a clear indication of the Coalition Government’s commitment to create jobs, drive economic growth and build stronger regional communities into the future.”
The second round of the Building Better Regions Fund, which includes the Community Investments stream and the Infrastructure Projects stream, is expected to create some 10,000 jobs from over 240 projects.