Resource Recovery Infrastructure fund
The $6.5 million Resource Recovery Infrastructure (RRI) fund will provide funding to organisations to install infrastructure to process in excess of 100,000 tonnes per annum of waste, principally from the commercial and industrial sector, for:
- sorting and separating mixed commercial and industrial sector waste streams to recover recyclable material; and/or
- managing, treating or stabilising commercial and industrial sector-derived organics; and/or
- treating residual waste to produce process engineered fuels or energy.
This funding is part of the Victorian Government's Conserve, Invest and Save strategy.
Funding of $6.5 million is available to the Victorian waste processing and recycling sector for projects that demonstrate an ability to meet the objectives and criteria of the fund and will be implemented by 30 June 2016. Project funding will be in the range of $1 million to $4 million on the basis of $1 contribution from Sustainability Victoria for a minimum $3 contribution by industry.
The Resource Recovery Infrastructure fund has a two stage application process:
- Stage 1 - Eligible organisations are invited to submit an Expression of Interest (EOI) that will include a preliminary business case that will be competitively assessed by a panel of senior industry and government representatives.
- Stage 2 - Organisational shortlisted from the assessment of Stage 1 Expressions of Interest will be invited to develop a detailed business case for assessment.
The Expression of Interest period is now closed.
The objectives of the Resource Recovery Infrastructure fund are to:
- encourage the installation of infrastructure to recover significant amounts of commercial and industrial sector waste;
- create new and sustainable employment;
- encourage wider private sector investment in an improved standard of waste infrastructure; and
- strengthen markets for recovered waste material in Victoria.
Top | Last updated 22/03/2013