$2.5 million will go to Albury’s NEXUS Industrial Precinct to ensure the project can deliver critical water and power upgrades, ensuring that businesses have the right infrastructure to set up quickly and expand business in the region.

Deputy Premier and Minister for Regional NSW Paul Toole said the NSW Government’s contribution builds on previous commitments to NEXUS and the Albury Regional Job Precinct which support economic development and ensures the region remains nationally significant, liveable and prosperous.

“This will not only boost the local economy and create jobs but it will future-proof the region’s business investment appeal,” Mr Toole said.

“We are proud to deliver projects like this to regional NSW and will keep investing in our regions so they remain great places to visit, live and do business.”

Member for Albury Justin Clancy said the decision to fund these upgrades at NEXUS is going to bring tangible benefits to the Albury economy sooner.

“With key road and rail links to Sydney, Melbourne and Canberra, once fully developed, NEXUS is estimated to support more than $1.5 billion in gross regional product annually,” Mr Clancy said.

“The precinct will be a major source of jobs growth for the region and we are continuing to put in the cash to maximize every opportunity for success here.”

Albury City Mayor Kylie King thanked the NSW Government for its continued support.

“The NEXUS Industrial Precinct is an important investment for our region, enhancing our already strong reputation within the target industries of Advanced Manufacturing, Circular Economy and Recycling, Food and Agribusiness and Transport and Logistics,” Mayor King said.

“This support from the NSW Government will go a long way to ensuring the precinct continues to prosper.”