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RDAYMN to Play Key Role in RDAF Round Two

Regional Development Australia (RDA) committees have a key role to play in shaping regional infrastructure investment to meet regional needs during Round Two of the Regional Development Australia Fund (RDAF). Minister for Regional Australia, Regional Development and Local Government, the Hon Simon Crean MP today announced the opening...

Regional Development Australia (RDA) committees have a key role to play in shaping regional infrastructure investment to meet regional needs during Round Two of the Regional Development Australia Fund (RDAF).

Minister for Regional Australia, Regional Development and Local Government, the Hon Simon Crean MP today announced the opening of Round Two, worth $200 million.

Key aspects of Round Two include a two-stage application process that will reduce costs for applicants, local decision making is embedded in the process, and provide early certainty for proponents about their application.

As part of this new role, RDA committees will review Expressions of Interest (EOI) from all potential applicants and select three viable priority projects for their region to progress to full application.

The new process for RDAF Round Two is:

  • Interested applicants are required to email an EOI form to their RDA committee by Thursday 1 December 2011;
  • RDA committees will review each EOI and select three viable priority projects for their region that will proceed to full application;
  • Full applications will be assessed by the Department of Regional Australia, Regional Development and Local Government against the eligibility and selection criteria, risk, and value for money;
  • Applications will be considered by the RDAF Advisory Panel which will provide advice to the Minister for Regional Australia, Regional Development and Local Government, the Hon Simon Crean MP.  The Minister will make decisions on projects to be funded;
  • Full Guidelines can be downloaded from www.regional.gov.au

In prioritising our three viable priority projects, the Minister has asked RDA committees to take into account the priorities of our Regional Plan, the capacity of the project to address needs in the region, the level of community support for the project, impact of the project on the region and neighbouring regions and readiness to proceed.

The RDAF is worth almost $1 billion over five years (some of which is subject to the passage of the Minerals Resource Rent Tax) and will boost economic and community development as part of the Australian Government’s commitment to regional Australia. A total of $200 million has been provided in Round Two.

More information about RDAF Round Two, including the Guidelines for Round Two, key dates and full details on the EOI process can be found at www.regional.gov.au.

Media Contact:

Kelly-Anne Saffin
Chief Executive Officer
Regional Development Australia Yorke and Mid North
Phone 1300 742 414

Released by:

Regional Development Australia
www.rda.gov.au

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