Lithgow City Council has approved a $4 million line of credit borrowing to support the delivery of a vastly increased program of major works over the next 12 months.
Lithgow Council has set a large and ambitious program of works for the year ahead. Capital works projects include:
- Waste – completion of the Resource Recovery Centre – $1.9 million;
- Water – Portland Foundations Trunk Infrastructure – $1.485 million;
- Cullen Bullen Sewer Scheme – $4 million (multi-year project);
- Farmers Creek upgrade works – $1 million; and
- Fixing Country Bridges Program – three new bridges on the Glen Davis Rd – $5 million.
Council says more than half of the total $26 million capital works program is grant funded.
“A line of credit allows us the certainty that we can pay both the big accounts, and the many small ones, when they overlap,” Council said in a statement.
“It allows us to deliver a large program of new projects, pay our bills on time, deliver more services to the community and support the local economy.”