Further details on a project to facilitate the removal of high-risk combustible cladding from residential apartment buildings across the State have been revealed.
Minister for Better Regulation, Kevin Anderson said Project Remediate would provide interest-free 10-year loans to Owners Corporations to enable and fast-track the safe removal of high-risk cladding.
“I can confirm that by 2023 the Government expects to have helped safely remove high-risk combustible cladding on an estimated 225 buildings across the State,” Mr Anderson said.
“This is a significant, complex project,” he said.
Mr Anderson said the Office of the NSW Building Commissioner would coordinate a project assurance service to make it as easy as possible for Owners Corporations to take advantage of the program.
“We will also help take pressure off Owners Corporations by appointing a managing contractor to oversee each individual project from design to final completion, to help get buildings remediated quickly and to the highest standards,” the Minister said.
He said a financial partner would also be engaged to facilitate the provision of interest-free loans to eligible Owners Corporations to fund remediation works.
Mr Anderson said that over the coming months information packs, guidance and training materials would be delivered to help Owners Corporations navigate Project Remediate.
“The Office of the NSW Building Commissioner is already consulting with the strata sector as part of this work,” he said.
Further information on the Project can be accessed at this PS News link.
