Savings of more than $570,000 made in a stormwater drainage project in Dubbo's north are set for use this financial year.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The first stage of the project to prevent flooding in the suburb had been completed under budget, Dubbo City Council general manager Mark Riley said in a report.
Savings totalling $570,191 had been restricted to be used in 2014-15, he said in the quarterly review of the council's budget to June 30.
The North Dubbo Stormwater Project had earlier received a boost from the state government.
In 2012 the council successfully applied for a 4 per cent interest subsidy under the Local Infrastructure Renewal Scheme for the project, allowing it to save $327,335 in interest during the 10-year loan period and for work to start in 2013-14.
The upgrade, carried out from March, included the extension of existing underground drainage south along Fitzroy Street, from River Street to Roper Street, as well as the installation of underground stormwater drainage in parts of Muller and Davies streets.
The leftover funds prompted the council to send a request to the state government as it prepared to undertake stage two.
"As a result of such savings, a subsequent application has been submitted to the Office of Local Government requesting the Local Infrastructure Renewal Scheme funding for a reduced interest subsidy loan for stage two (Muller Street to Longabardi Street) be extended for $570,191, which is the balance of the loan," Mr Riley said in the report.
