New Budget initiative targets sustainable investment projects

Published on 26 June 2018

The 2018-19 draft Budget handed down today includes a brand new fund to target sustainable initiatives which are good for the environment and Council’s bank balance.

Mayor Margaret Strelow said the creation of the $5 million Sustainable Rockhampton Investment Fund would deliver more than a cleaner, greener future for the region.

“This is a brand new initiative while has a dual purpose – reduce Council’s carbon emissions and increase Council’s financial savings,” Mayor Strelow said.

“The kinds of projects we’ll be looking at could be low carbon electricity generation, technology which drives energy efficiencies and environmentally sustainable work practices.

“On our radar is a new solar farm, more efficient lighting and paperless systems but it could be any project which is good for the environment and good for Council’s bank balance by delivering a real operational saving.

“Each project would require a business case and financial assessment to ensure it delivers that saving and that the loan is paid back in a timely manner.

“Sustainability as a buzzword gets thrown around a lot. We are keen to generate results and that’s why we’re putting our money were mouth is.

“Last Budget we funded the creation of our Natural Resource Management Unit and this Budget builds on that to deliver further outcomes for our community.

“We know that we have an innovative, smart and savvy business community and we look forward to see what proposals come to Council,” Mayor Strelow said.