Call for Lone Pine Ave and Springwood St repairs

Peninsula Chamber of Commerce will approach Gosford Council asking that Lone Pine Ave and Springwood St be rehabilitated under the NSW Government's Local Infrastructure Renewal Scheme.

Chamber president Mr Matthew Wales said he had been advised that Gosford Council planned to borrow $6.85 million to fund the work, assisted by the State Government's interest rate subsidy under the scheme.

"This is great news provided that Peninsula roads get their fair share of the $70 million State wide scheme," said Mr Wales.

"Our understanding is that the scheme provides Councils with a four per cent interest subsidy over 10 years on loans to allow infrastructure projects such as roads to proceed.

"The Chamber also understands that the Gosford project involves the renewal of existing roads through rehabilitation, reconstruction or asphalt resurfacing.

"This is exactly what we have been asking for," he said.

"Obviously we will be approaching Gosford Council with our short list of roads including Lone Pine Ave and Springwood St.

"This does not take away the need by Council to allocate a bigger share of its existing budget to ensure that road maintenance gets adequate funds.

"However, it is a big step in the right direction and hopefully will be the impetus for a broader review of road maintenance and upgrades.

"It will also mean new opportunities for civil contractors to bid for a share of the work through the tendering process.

"We hope that Gosford Council gives preference to local contractors that employ local people," said Mr Wales.

Media Release, 16 Jul 2012

Matthew Wales, Peninsula Chamber of Commerce

Photo: Naomi Bridges