Hunter infrastructure fund gets $100 million boost

Published 19th June, 2014 in Economy, Health, Infrastructure, Transport, Education, Education

The Hunter Infrastructure & Investment Fund (HIIF) has received a $100 million top-up under the 2014/15 State Budget.

Aerial image of the Hunter region
Hunter infrastructure fund gets $100 million boost

The HIIF was established in 2011 and was initially valued at $350 million over four years. The additional top-up has boosted the fund to $185.2 million for this year. And is now available to support a variety of infrastructure projects across the Hunter region.

Projects that will receive funding under the HIIF for 2014/15 include:

  • $34 million for upgrades to Lemon Tree Passage Road, Pennant Street Bridge at Glendale, MR 301 Dungog to Raymond Terrace, Cardiff Main Street and Hunter Wine Region Roads.
  • $38.5 million for upgrades to Nelson Bay Road between Anna Bay and Bobs Farm and New England Highway through Maitland.
  • $400,000 for the Stage One refurbishment of John Hunter Children’s Hospital Neonatal Intensive Care Unit.
  • $25 million towards the relocation of the Newcastle University.
  • $31.7 million for grants to Local Government for various infrastructure improvements.
  • $5 million for the Newcastle light rail scoping study.
  • $50 million reserved for the Newcastle urban renewal initiatives

NSW Treasurer Andrew Constance said he is delighted to support the Government’s continued commitment to improving infrastructure in the Hunter region.

“This year’s budget is the biggest yet in terms of allocations from the HIIF, meaning even more vital local projects like the long-overdue upgrade of Hunter Sports High School will become a reality”, Mr Constance said.

Published 19th June, 2014 in Economy, Health, Infrastructure, Transport, Education, Education