Wollondilly Council to investigate loans to repair roads

Picture: File Image
Picture: File Image

The state of Wollondilly's roads has long been a bugbear for many shire residents.

Now Wollondilly Council will investigate the idea of borrowing funds to speed up some of the shire's road repair projects.

Councillor Michael Banasik raised a motion at Tuesday's council meeting calling for a report in relation to taking out a loan or utilising reserves to fast-track road projects.

He said that he wanted to ensure the idea would be considered before next year's budget.

"We added another point to the motion that a rate rise would not be considered as an option," Cr Banasik said.

"I wanted to ensure it was something that was looked at before the 2022/23 budget because staff do start looking into this stuff now.

"It's not just loans that will be looked at because council can borrow from its reserves as long as the funds are paid back - a bit like someone going guarantor on a home loan.

"I think we're mad if we don't consider this, it would save us from sending crews out to do patch repairs every few months because the roads would be fixed."

Cr Banasik said now was an ideal time to consider borrowing funds.

"Interest rates are at an all-time low at the moment," he said.

"Who knows where they will be in four or five years' time?

"There is no economic reason not to do it - we aren't talking $100 million dollars, we are talking something like $5 million.

"We are kicking a few goals with the roads already but there are still roads that residents would like to see repaired, like Bridge Street, Werombi Road and Arena Road."

The report is also expected to include the estimated cost (operational and capital) of putting in place additional resources to increase the level of maintenance, reconstruction and heavy patching works on the road network throughout the shire.

This story Wollondilly Council to investigate loans to repair roads first appeared on Wollondilly Advertiser.