The redevelopment of Shepparton’s Maude St Mall is one step closer with the project receiving $8,575,000 in funding from the Federal Government’s Building Better Regions Fund (BBRF).
Federal Member for Nicholls, Damian Drum, said the mall’s redevelopment would play a key role in revitalising Shepparton’s central business district.
“This funding is a significant investment in the region’s future by the Federal Government,” Mr Drum said.
“I look forward to working with the Greater Shepparton City Council, as well as other groups, to ensure the redevelopment commences as soon as possible.”
The funding for the Maude St Mall redevelopment forms part of a $207 million investment under round four of the highly successful BBRF, which targeted drought-affected communities right across regional Australia.
Mr Drum said the Maude St Mall redevelopment would drive economic growth and local jobs at a time when both were needed.
“This game-changing project will help transform Shepparton’s central business district and ensure our productive and vibrant region remains strong, resilient and prosperous in the long term and I look forward to seeing this project boost economic prosperity,” Mr Drum said.
“Communities in Nicholls are continuing to show amazing spirit and strength as they support each other through these tough times, and I am glad to see this latest round of BBRF will provide much-needed support at such a crucial time.”
The Greater Shepparton City Council, which will oversee the redevelopment, must match the Federal Government’s funding on at least a dollar-for-dollar basis.
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development, Michael McCormack, said the BBRF funding injection would support 163 new infrastructure and community projects across drought-affected regional Australia came at a critical time for communities.
“Regional Australians have endured the devastating effects of a prolonged drought which has affected communities across the country for many years,” Mr McCormack said.
“In addition, regional Australia has withstood one of the most devastating bushfire seasons, floods and now a global pandemic – to say they’ve been hit hard in recent times is an understatement.
“Their resilience will lead Australia’s recovery through grass-roots projects – creating jobs, boosting local economies and growing confidence in regional communities as a great place to live, work and invest.
“BBRF projects strengthen our local economies and drive much-needed local procurement, with thousands of jobs expected to be supported throughout regional Australia – delivering career pathways and enabling people to stay in the very communities they grew up in.”
Minister for Drought David Littleproud said it was important now more than ever for the Federal Government to continue supporting drought-affected regions.
“Through the BBRF, the Australian Government is continuing its long-standing commitment to regional Australia, making vital local projects a reality, driving economic development and creating stronger partnerships across our regional communities,” Mr Littleproud said.
“We have seen outstanding outcomes from the first three rounds of the BBRF and the drought-focused fourth round will continue that trend by funding critical local infrastructure projects.
“This latest round is an opportunity to support and work together with the 1.5 million Australians affected by drought.”
For a full list of successful projects, please visit www.business.gov.au/bbrf