A significant investment of more than $24 million in the Tamworth Global Gateway Park (TGGP) has come to fruition with the completion of three major development infrastructure projects. As the Intermodal Access Road, upgraded Goddard Lane and Trunk Stormwater Drainage infrastructure are now in place, construction of commercial buildings on sold Stage One lots is now possible.
83% of Stage One lots have been sold or are currently under contract, meaning that the first lots could potentially have businesses on site and building their facilities later this year.
Deputy Prime Minister and Member for New England, Barnaby Joyce said this landmark moment can give residents a clearer picture of how the TGGP will transform the city.
"Growth is coming, investment is coming, jobs are coming, piece by piece, we're getting closer to having this finished and already national and international businesses are taking notice," the Deputy Prime Minister said.
Acting Premier and Minister for Regional NSW Paul Toole said the NSW Government's $10,303,200 contribution from the Growing Local Economies fund helps put the TGGP on track to transform the region.
"This project is one step closer to unlocking significant jobs and growth for Tamworth, setting the region up for success and opportunities in the future," Mr Toole said.
Member for Tamworth Kevin Anderson said the completion of this next milestone meant Tamworth was one step closer to its big picture goal to make the city a nation-leading manufacturing and business hub.
"We are connecting Tamworth to the world through the intermodal rail line and businesses have been jumping at the opportunity to be a part of it. I'm thrilled that this next development means we can open the boom gate to these significant employers," Mr Anderson said.
Russell Webb, Tamworth Region Mayor said he is thrilled to see projects of such huge investment and scale reach completion.
"The Tamworth Global Gateway Park has now reached a crucial milestone, with many purchasers having submitted development applications to construct on these lots later this year", Cr Webb said.
Infrastructure projects scheduled to begin next include the Business Park Ring Road which will enable the sale of further stages within the Tamworth Global Gateway Park and the Jewry Street Extension, which will ensure that traffic continues to flow efficiently around Tamworth.
The Intermodal Access Road, Goddard Lane upgrade and the Trunk Stormwater Drainage Infrastructure projects have been jointly funded by three levels of government.
The Trunk Stormwater Drainage forms part of the Tamworth Global Gateway Park and Intermodal Activation Project, awarded NSW Government funding of $20,246,000 under its Restart NSW Growing Local Economies Fund, with a funding contribution from Tamworth Regional Council. The $6,829,473 Goddard Lane upgrade has been funded by Tamworth Regional Council. Finally, development of the Intermodal Access Road at the Tamworth Global Gateway Park has been funded by the Australian Government under its Building Better Regions Fund in association with Tamworth Regional Council, contributing $2,202,291 and $3,583,980 to the project respectively.
