NSW cladding remediation to kick off this year

NSW wants to start work on the first of 225 worst-affected cladding buildings by the end of this year, kicking off a three-year remediation process it estimates will cost the state up to $260 million.

In a key difference from the process under way in Victoria, NSW will not fund the work itself, but pay interest on the $950 million-worth of loans it estimates owners’ corporations will take out to fund the remediation.