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$225M Funding Round Provides Far North with Vital Infrastructure Development Opportunity

QLD, Australia – (News4us.com) October 24, 2012

225M Funding Round Provides Far North with Vital Infrastructure Development Opportunity $225M Funding Round Provides Far North with Vital Infrastructure Development Opportunity

$225M Funding Round Provides Far North with Vital Infrastructure Development Opportunity

Yesterday’s announcement by the Honourable Simon Crean MP, Minister for Regional Australia, Regional Development and Local Government launching Rounds Three and Four of the Regional Development Australia Fund (RDAF) to the value of $225 million was warmly welcomed by the Far Northern arm of RDA.

The Regional Development Australia’s (FNQ&TS) CEO, Sonja Johnson said expressions of interest for both funding rounds open tomorrow and provide the Far North with an excellent opportunity to construct vital infrastructure that will grow the economy, support the community and nurture the natural environment.

“This announcement comes at a time when the region is preparing for the G20 Summit, so any new infrastructure to impress our visitors would be very welcome,” Ms Johnson said.

“Selection criteria will focus on the project’s impact (economic, social and environmental) while taking in all cost factors, its alignment to the RDA FNQ&TS’ Regional Road Map and the impact the project in question will have on neighbouring communities.”

The Regional Development Australia Fund (RDAF) supports the infrastructure needs of regional Australia.  Nearly $1 billion has been allocated to the program.  The program funds capital infrastructure projects that are identified as priorities by local communities.

In Summary, the RDAF:

Round Three: Minor Funding Round

  • Open for small towns, of population 30,000 and less
  • $50 million available
  • Applications for $50,000 to $500,000
  • Eligible entities are Councils (as defined by Local Government Act)
  • and Not for Profits with an income threshold of $500,000
  • Partner contribution is not mandatory, but preference is given for partnered contributions in cash
  • Project needs to be listed under one of four categories: Economic, Community, Arts and Culture or Sport and Recreation
  • If a project is part of Council core business, then the Council will need to provide rationale as to why funding is sought through RDAF
  • Successful projects to commence within 12 months of signing agreement and must be completed by 31 December 2016
  • The RDA FNQ&TS Committee will short-list five projects through the EOI process to go through to full application stage
  • EOI open 25 October 2012 and close 6 Dec 2012
  • The top five ranked projects will be submitted to the Department on 11 February2013

 

Round Four: Major Funding Round

  • $175 million available
  • Applications for $500,000 to $15M
  • Eligible entities are Councils (as defined by Local Govt Act) and Not for Profits with an income threshold of $1M, averaged over the last two consecutive financial years
  • Partner contribution preference is given for cash – $1 for $1 match
  • Project needs to be listed under one of four categories: Economic, Community, Arts and Culture or Sport and Recreation
  • If a project is part of Council core business, then the Council will need to provide rationale as to why funding is sought through RDAF
  • Successful projects to commence within 12 months of signing agreement and must be completed by 31 December 2016
  • Committee will short-list three projects through the EOI process to go

through to full application stage

  • EOI open 25 October 2012 and close 6 Dec 2012
  • The top three ranked projects will be submitted to the Department on 11 February 2013

 

Guidelines and EOI forms will be available on RDA National website tomorrow at http://www.regional.gov.au/regional/programs/rdaf.aspx

To view a copy of media release announcing RDA Funding Three and Four issued 23 October by Minister Crean’s office click on the following link:

http://www.regional.gov.au/regional/programs/rdaf.aspx

 

About Regional Development Australia

Regional Development Australia (RDA) is a partnership between Australian, State, Territory and local governments to strengthen regional communities.

The national network of 55 committees which delivers RDA are made up of local leaders who volunteer their time to work with government, business and community groups to deliver better services to their regions.

The committees work with their communities to find ways to deal with the economic, social and environmental issues affecting them.

The regional Road Maps, produced by the local RDAs, will guide the committees in supporting improvements for their communities. The Australian Government funds these committees and so do State, Territory and local governments in some jurisdictions.

 

About Regional Development FNQ & TS

From Cardwell to the Cape, Torres Strait and inland to the Tablelands and taking in Croydon and Etheridge shires, the Far North Queensland and Torres Strait branch of Regional Development Australia(RDA FNQ&TS) takes in a vast and diverse area of the regional Queensland.

It works to provide one voice in terms of regional issues and priorities and as such provides guidance and support to the many agencies, organisations and individuals working towards long term, sustainable growth, prosperity and wellbeing of this region.  For more: www.rdafnqts.org.au

 


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