Money borrowed for roadworks

Gosford Council will borrow $51.9 million for local roadworks.

Projects included in the scheduled works include Maitland Bay Dr at Killcare Heights and North Burge Rd at Woy Woy.

Maitland Bay Dr will undergo pavement rehabilitation and bitumen resurfacing while North Burge Rd will have an asphalt heavy patch and bitumen reseal treatment.

Both projects will be undertaken in the 2013-14 financial year.

Funds will also cover upgrades to the region's water and sewer treatment plants.

Part of the loan relating to road and building renewals is subsidised under the NSW Local Infrastructure Renewal Scheme, which aims to provide a four per cent interest subsidy to assist councils with infrastructure backlogs to cover the cost of borrowing.

Email, 2 and 11 Apr 2013

Andrew Vermey, Gosford Council