Planning Minister Rob Stokes today announced the $17 million Newcastle Mines Grouting Fund was now open, to help deal with mining voids in the city centre.
Mr Stokes said the fund was now open to applications for works to fill voids and tackle mine subsidence, which are hampering building and development opportunities in Newcastle.
“By taking action on mine subsidence, the NSW Government will increase investor confidence and stimulate economic activity,” Mr Stokes said.
“This will open up opportunities for greater investment in Newcastle city centre developments that will help grow the city, creating new homes and jobs.”
Parliamentary Secretary for the Hunter Scot MacDonald MLC said the NSW Government was delivering on an election commitment to help build a bright future for Newcastle.
“Newcastle will now be able to grow and develop in areas that have remained idle because of historic mining voids, which have been a major handbrake on the city’s economic growth,” Mr MacDonald said.
“This fund will help bring to reality the NSW Government’s plans to revitalise Newcastle.”
The program will run in the area identified in the Mine Subsidence Board Newcastle City Centre Area Map 2012. Funds are provided from the Hunter Infrastructure Investment Fund, which has delivered about $400 million worth of infrastructure projects to the region.
The fund’s steering committee will also commission further technical research to provide a more detailed picture of subsidence risks and remediation options.
The fund will be administered and resourced by the Hunter Development Corporation. Its steering committee will be comprised of representatives from the Department of Premier and Cabinet, Department of Planning and Environment and the Hunter Development Corporation.
Further information about the fund and applications is at www.hdc.nsw.gov.au.