The Inverell Regional Livestock Exchange redevelopment has entered the final stages of construction.
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Member for New England Barnaby Joyce said the upgrade was providing an immediate economic benefit as well as a long-lasting legacy for the Inverell community.
The project has been backed by a $2.5 million grant from the Federal Government's Building Better Regions Fund - Infrastructure Projects stream.
In the past past 12 months the IRLX has hit several milestones, including
- Completion of a roof structure covering approximately 1 hectare over selling and other yard areas
- Construction of 312 new selling pens and 34 holding pens with auctioneer walkways
- Cattle processing single weigh complete with drafting
- Animal husbandry complete with vet crush and drafting
- New agent offices to the main administration area
Works which recently started include track access works, driver amenities, parking and double bay drive through truck wash, suitable for B-triple road trains.
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"This construction project is right now providing significant economic boost for a community still heavily affected by drought, supporting jobs and driving wealth back into the local economy," Mr Joyce said.
"It is great to see this modern selling facility in Inverell in its final stages of completion which will soon be able to process more cattle with increased efficiency to deliver better returns for agents and producers across the New England North West."
AAM Investment Group CEO, Tim Gallagher, said the significant improvements to major yard areas had been recognised by all users of the facility.
"Substantial private and government funded investment into the redevelopment will secure the future of IRLX for the regions livestock producers for decades to come," Mr Gallagher said.
"We look forward to welcoming all on site when we are able to."