Update on Australian Government’s $500 million National Water Infrastructure Development Fund – feasibility component

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Update on Australian Government’s $500 million National Water Infrastructure Development Fund – feasibility component

Applications have now closed for the current round of the Australian Government’s National Water Infrastructure Development Fund (NWIDF), which has a budget of $25 million and focused on feasibility funding for water infrastructure projects. Minister for Agriculture and Water Resources, The Honourable Barnaby Joyce MP, reported strong interest in the programme, with over $87 million in funding being requested by the states, territories, and their project partners. 23 of the 54 applications received were for studies in Northern Australia, for which at least $5 million has been allocated. The feasibility component of the NWIDF will facilitate critical early planning work for water infrastructure projects to undertake technical, environmental and economic assessments. The capital works component of the fund will release $450 million from 2017-18 for construction of projects and receipt of funds for the feasibility component is not a pre-requisite to eligibility for the capital works component. More information on the NWIDF can be found here. Kingfisher Law will provide periodic updates on the NWIDF.


 

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