$29.18M funding boost for Bomen

The next stage in the Riverina Intermodal Freight and Logistics (RiFL) Hub’s development at Bomen Enterprise Area has been assured after Wagga Wagga City Council today secured $29.18M in State Government funding.

The Growing Local Economies funding announced by Deputy Premier John Barilaro during a visit to Bomen is the next stage in a long-term vision to create a unique facility to support and encourage industrial investment and employment opportunities.

Council General Manager Peter Thompson said the funding will support two key initiatives to ensure the full potential of economic gains are realised at Bomen.

These initiatives centre on the industrial estate’s enabling infrastructure, including civil works, utilities and roads, and also digital connectivity for new and existing businesses in the enterprise area.

“The overall objective of this funding application is to make Bomen and regional NSW a more attractive, efficient and affordable place to do business,” Mr Thompson said.

“This will allow growth of the NSW economy, the creation of new jobs and deliver on the economic promise of Bomen.

“Further uptake of industrial land in Bomen will create jobs and drive regional growth and productivity. This is the next important piece in the development of the RiFL Hub.”

Council will now work towards developing a 60-hectare lot of land immediately adjacent to the RiFL Hub.

Mayor of the City of Wagga Wagga Councillor Greg Conkey OAM said the funding was crucial for Council to realise the development of this parcel of land.

“This site presents unique opportunities to derive efficiencies from being located so close to the RiFL Hub,” Cr Conkey said.

“Market interest has been growing with the impending construction of the RiFL Hub and this announcement will confirm the future vision and drive further interest and demand from existing and new business.

“The proximity to the RiFL Hub and its freight connections will be attractive to new businesses which will continue to drive growth in the business park and result in more activity through the RiFL Hub.”

Digital connectivity at the new 60ha subdivision, and most importantly to existing businesses, will enable businesses to leverage the potential of technology in driving productivity and growth, Cr Conkey said.

“Digital technology is critical in enabling our existing businesses to be competitive and achieve efficiencies. This will also attract further national and international businesses to the industrial park, and accelerate economic growth in the region.”

The unique advantages of the Bomen/RiFL Hub site include;

• Extensive upfront land use planning with existing industrial zoned land (and future Special Activation Precinct)
• Large lot size availability, land parcel sizes ranging through to 10-15ha+.
• Ability to cater for the variety of industrial and businesses requirements.
• Access and connectivity (high productivity vehicles).
• Direct rail interface.
• Fewer constraints.
• Strategic location.
• Improved digital connectivity.
• Benefits to NSW economy – Business expansion (new jobs), cross border and international investment.
• Access to domestic and international freight markets.