The WA Government has announced a new lending facility to support local governments and universities impacted by reduced revenue due to the COVID-19 coronavirus pandemic.
The new lending facility will enable local governments and universities to access short-term loans to support the liquidity of their operations. The facility will be available from the Western Australian Treasury Corporation (WATC). Applications open on June 1, 2020.
To be eligible, local governments and universities will need to demonstrate the impact COVID-19 coronavirus has had, and is expected to have, on forecast cash flows for 2020-21.
They will not be limited in the amount they can borrow through the WATC.
For more information see the $100m short-term lending facility to support local governments and universities through COVID-19 media statement.
