Last week, the ACT budget for 2016-17 was announced by Chief Minister Andrew Barr, with crucial funding being assigned to the City centre’s projects.
What does this budget mean for the City? Here’s what we know so far.
According to reports, $8.7 million will be allocated to the “City to Gungahlin” corridor improvements for stage 1 of Canberra’s light rail network. We are keen to know the amount allocated between Haig Park and City Hill.
Complementing this investment in public transport, approximately $2.9 million is to be distributed to urban renewal construction and design, while a further $1.3 million will be committed to the design of arterial roads. The upgrades to Constitution Avenue will also be completed, with the road to join Vernon Circle and City Hill.
The West Basin waterfront will receive additional funding as development continues on the mixed use precinct. $5.8 million that was initially committed for this financial year will be transferred to the next, with a further $9.2 million being added on top.
In good news for local City businesses and residents, $300,000 has been allocated to our “Activating the City” project to help supplement our private sector funded “Grants in the City” initiative.
Additionally, In the City Canberra are delighted that government is investing in a free shuttle bus that will operate throughout the City centre and Braddon. This will make it much easier for visitors and residents to park in and around the City and then move about via the shuttle bus service.
We are hoping that the ACT government will commit additional funds to cleaning maintenance around the City as well as street art.
Stay tuned for more information on the 2016-17 budget as we find out more details.