Complex sentence: On 10 July 2017, The NSW State Government announced $6,300,000 to fund half of the proposed Rail Trail, and it is hoped the Federal Government will commit a further $6,300,000 toward the Trail to fully fund the $12.6 million venture.
Split into simpler sentences: On 10 July 2017, The NSW State Government announced $6,300,000 to fund half of the proposed Rail Trail. This funding is conditional on the Federal Government matching the commitment of $6.3 million towards the Rail Trail to fully fund the $12.6 million venture.