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Station Street Project - Status Update

What is the status of the Station Street Upgrade Project and how much is this project expected to cost?

Council initially estimated the cost to upgrade Station Street would be $9.5 million. This estimate was undertaken in 2013 and included road works, kerb and guttering, underground service relocation including stormwater drainage, streetscaping, traffic light technology and sidewalk replacement plus lighting, footpath and carparking in Kirkham Road.

Costs associated with these features of the upgrade have all increased since the initial funding application was lodged in September 2013. Upon completion of detailed designs a number of other aspects were identified for inclusion such as the relocation of power and extensive streetscaping (including planting approximately 100 advanced trees) which Council will now undertake.

The complete upgrade of Station Street is now estimated to cost $16.333 million. This has been updated as part of the 2019/20 Budget to include an increase of $1.258 million. The budget increase has been included to ensure that the estimated cost of the project reflects price movements in materials and labour which will ultimately be factored into any future works contract.

Council’s current funding strategy for the project is as follows:

  • $7.5 million—State Government Grant
  • $2.0 million—Developer Contributions
  • $3.884 million—Loan Borrowings
  • $2.798 million—General Fund Capital Works Allocation
  • $0.151 million - Capital Projects Reserve

Council is proposing to part-fund this upgrade through loan borrowings of $3.884 million. Council has sufficient capacity to fund these loan repayments and stay within the required benchmark for debt servicing. The additional loan borrowing has also been included in Council’s Long Term Financial Plan modelling.

Council is continuing to lobby the NSW State Government to resolve the external delays surrounding the parking requirements of Sydney Trains. Council is also progressing discussions with the Roads and Maritime Services for the final approval of the main roundabout design.

For more information visit www.yoursaywingecarribee.com.au/SSU.

Last Updated: June 5th, 2019
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