The Federal Government has committed almost $4 million to help deliver a Central West Industrial Park at Forbes, to strengthen economic growth and drive the region’s recovery from COVID-19. Deputy Prime Minister, Minister for Infrastructure, Transport and Regional Development and Riverina MP Michael McCormack said the project formed part of the Australian Government’s commitment to jobs and economic diversification.
“This investment will go towards Part 1 of Stage 2 of the Central West Industrial Park in Forbes,” Mr McCormack said.
“When Stage 2 is complete, the development will create opportunities for new local businesses and innovation in agriculture as well as boosting the local economy and driving jobs growth.
“The $3.99 million from the Federal Government will go towards construction of a significant portion of the drainage works as well as part of the associated road works.”
Mayor of Forbes Shire Cr Phyllis Miller OAM said the development of the Central West Industrial Precinct was a “gamechanger” for the region.
“We have been taking many enquiries from interested stakeholders keen to invest in the region,” Cr Miller said.
“The industrial precinct is located close to the Central West Livestock Exchange, a major driver to the Forbes Shire economy.
“This funding from the Federal Government will allow the project to get to the next stage.”
Assistant Minister for Regional Development, Hon Nola Marino MP said she approved the project as it was an excellent example of investment in the region to further support local business to recover and diversify.
This funding is part of the Australian Government’s commitment of $100 million over two years to fund the Regional Recovery Partnerships in 10 regions across Australia. The Partnerships reflect the Australian Government’s commitment to working with all levels of government to deliver jobs, economic recovery and economic diversification.