Cobar Shire Council has been allocated $1.375 million from Round 7 of the NSW Government Resources for Regions funding to upgrade the Cobar Industrial Estate.
When applying for the funding, Council proposed the money would be spent to upgrade roads (to a standard capable of withstanding use by A Double and B Triple Road trains) and the stormwater infrastructure (which is necessary to overcome issues with localised flooding).
NSW Nationals Upper House MP, Sam Farraway announced the funding on Monday.
“Cobar is supporting major mineral extraction enterprises that employ hundreds of people and brings considerable benefits to the regional and state economy,” Mr Farraway said.
“The strong business growth in Cobar emphasises the need to provide the infrastructure necessary to enable the local industry to continue to capitalise on local mining service opportunities and continue to diversify into other markets and achieve a long-term sustainable economy and population.”
The Stage 1 upgrade to the road and stormwater infrastructure will cost a total of $1.51m and generate significant benefits in the form of enabling business growth and helping to ensure the long-term sustainability of Cobar.