Federal Member for Calare, Andrew Gee today announced that Bathurst Regional Council has secured a further $2.5 million for the second circuit at Mount Panorama under Round Three of the Federal Government’s Building Better Regions Fund (BBRF).
Mr Gee, who was joined by Mayor of Bathurst, Cr Graeme Hanger for the announcement, said the $2.5 million grant builds on $10 million secured under Round One of the BBRF back in 2017. The funding will be used for construction of the track and Stage One of the pit complex.
“After years of lobbying and many meetings down in Canberra, I’m delighted to be able to deliver a further $2.5 million towards the second circuit at Bathurst’s world-renowned Mount Panorama. This takes the total investment by the Federal Government to $12.5 million,” Mr Gee said.
“When complete, the second circuit at Mount Panorama will cement Bathurst as the racing capital of Australia with the return of motorcycles for the first time in more than 100 years.
“It’s projects such as this that make our regional communities such wonderful places to live, work and raise a family and I’m excited to see the positive benefits that this will bring to the entire Central West.”
Mayor of Bathurst, Cr Graeme Hanger welcomed the funding announcement.
“We are very pleased with this announcement which brings us another step closer to bringing the second circuit to reality,” Cr Hanger said.
“The second circuit, and associated infrastructure, will significantly boost the local economy and attract commercial and industrial infrastructure that will provide more jobs and tourism opportunities, as well as drive business development.”
The second circuit at Mount Panorama will be located to the south of the existing track and will host a variety of motor vehicle and motorcycle events. It will cater for approximately 50,000 spectators.