This fund supports the repair and rebuilding of public assets directly damaged by the bushfires of 2019/20 and flood events of 2021 and early 2022.
The Australian and NSW governments delivering a new approach to rebuilding disaster affected roads, bridges and other critical public infrastructure, making them more resilient and able to better withstand future natural disasters.
This $512.5 million fund will be delivered in two complementary Betterment Programs:
$200 million Infrastructure Betterment Fund
$312.5 million Regional Roads and Transport Recovery Packagelaunch (RRTRP).
Under existing Disaster Recovery Funding Arrangements, infrastructure like roads can only be built back to current standards and potentially without any future resilience improvements.
These betterment programs will promote rebuilding infrastructure in a way that reduces vulnerability to future disasters, provides continuity of essential services and lowers the risk of economic impact due to a natural disaster.
The Infrastructure Betterment Fund will consider not only where but how essential public assets are being built. Better, stronger public assets mean that the risks associated with future natural disasters can be minimised.
This program is administered by Department of Regional NSW.