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The NSW Government have announced they will contribute $2.5M to Albury’s NEXUS Industrial Precinct to ensure the delivery of water and power upgrades.
These upgrades will ensure businesses have the right infrastructure to set up quickly and expand in the region.
AlburyCity Mayor Kylie King said “The NEXUS Industrial Precinct is an important investment for the Albury Wodonga region, enhancing our already strong reputation within the target industries of Advanced Manufacturing, Circular Economy and Recycling, Food and Agribusiness and Transport and Logistics. The support from the NSW Government goes a long way to ensuring the precinct continues to prosper.”
Deputy Premier and Minister for Regional NSW, Paul Tool described the contribution as a boost to the local economy that will create jobs, future-proof the regions business investment appeal and ensure the region remains nationally significant, liveable and prosperous.
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 is gross regional product annually” Mr Clancy said.
This is exciting news for the ongoing growth and development of NEXUS and our region overall, adding to the appeal of calling Albury Wodonga home across industries.