The Federal Government’s current Roads to Recovery (RTR) funding period will end in June next year and a new RTR program will begin on 1 July 2024.
Councils may still have funding available under the current funding period which ends on 30 June 2024.
The Department of Infrastructure, Transport, Regional Development, Communications and the Arts is encouraging funding recipients to submit projects and draw on any remaining funds available from the program over the next six months.
To make the most of allocated RTR funding, councils need to finalise a works schedule and provide a quarterly report with projected expenditure to 30 June 2024 by no later than the close of the 1 January – 31 March quarter reporting period on 30 April 2024.
Payments approved for that quarter will be made by the Department by the end of May 2024, and as per the funding conditions, must be spent within six months of receipt and no later than 31 December 2024. It is also important to note, councils may not be eligible to receive any RTR program payments after 31 October 2024 if they have not provided an annual report to the Department as required by the funding conditions.
Local governments can also use the Department’s Infrastructure Management System to access and update their own project and funding information and are encouraged to contact Roads.toRecovery@infrastructure.gov.au with any specific questions.