An important milestone has been reached in the new Panania Car Park project, with development funds released by the Commonwealth Government for the Weston Street site.

The $7.5 million Panania Car Park project will be fully funded by the Australian Government under the Urban Congestion Fund.

The New South Wales Government will deliver this important commitment. Transport for NSW is currently undertaking development activities to finalise the design which will facilitate the delivery of 50 additional car spaces on Weston Street, as part of an extension to the existing at-grade car park.

Federal Minister for Communications, Urban Infrastructure, Cities and the Arts, the Hon Paul Fletcher MP said the project will make life easier for residents in the Panania area.

“The Australian Government is getting on with delivering infrastructure projects that improve congestion and safety for people across Australia, making it easier for them to move around our cities and access transport and local amenities,” Minister Fletcher said.

“This is just another example of us progressing critical infrastructure projects across the country under our record $110 billion 10-year infrastructure investment pipeline, which is helping to drive Australia’s world-leading economic recovery.”

Member for Banks, the Hon David Coleman MP, said the congestion-busting project will benefit residents and create local jobs in the region.

“This investment will not only deliver benefits for the Panania community, but will generate jobs in a range of fields including engineering, construction and administration roles,” Assistant Minister Coleman said.