An additional $50 million will be made available for local governments to encourage investment and employment in our local communities.
These additional funds bring the No Interest Loans Program value to $200 million and councils are encouraged to apply for a share of the extra $50 million.
So far 20 Tasmanian local government authorities have been approved for loans totalling $147 million, helping to generate economic stimulus and recovery projects across the State.
The loans are for upgrades, renovations and maintenance on existing local government infrastructure, as well as other measures councils are taking to respond to the impacts of COVID-19.
This line of finance to the local government sector will provide a much needed boost to local communities recovering from COVID-19.
All Tasmanian councils and joint authorities are eligible to seek funding from the loan program, which will remain open until 1 August 2020.
For information please visit https://www.treasury.tas.gov.au/budget-and-financial-management/local-government-loans-program