The money will be invested into six projects, including four new and two existing projects, through round three of the program with safety barriers, rumble strips and wide centrelines to be installed, aimed at keeping motorists safe.

The state government has announced $3 million in funding for the intersection of the Princes Highway and Island Point Road at Tomerong, where a number of accidents have occurred over the years.

A two-lane roundabout, including all traffic calming, line marking, lighting and signage, will be installed.

That funding is through the Saving Lives on Country Road program.

Australia Community Media has been driving the FIX IT NOW Campaign for major upgrades to the Princes Highway.

New local projects receiving funding during the next financial year includes:

$1.4 million toward Princes Highway from Bawley Point Road to Boardinghouse Road to install audio-tactile centre line and increase shoulders.

$154,140 toward Princes Highway and Warra Warra Road, at South Nowra to install Vehicle Activated Signs (VAS) and install audio-tactile edge line.

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$270,000 toward Matron Porter Drive east of Frogs Holla to install audio-tactile centre line, improve sealed shoulder on curve and install semi-rigid barrier on roadside.

$230,000 toward Currambene Street, Huskisson to install one-lane roundabout including all traffic calming, line marking, lighting and signage.

These grants are all under the Liveable and Safe Urban Communities Program.

As well as the exsitsing Princes Highway, Island Point Road intersection upgrade, $250,000 has been allocated toward O'Keeffe Avenue, Nowra to install mid-block pedestrian traffic signals, slow point, raised threshold/horizontal deviation at mid-block location and reduce speed limit by 10km/h through the Saving Lives on Country Roads Program.

"We know living in regional NSW often means a lot more time spent on our roads - and this program is about making those roads as safe as possible," said South Coast MP Shelley Hancock.

"Every life matters, and that's why we're investing in life-saving measures across our road network to see that every motorist who sets off on a journey makes it home to their family and friends."

Minister for Regional Transport and Roads Paul Toole said this latest round of funding would see 207 new projects start, bringing the total to $258 million for work on 383 projects next financial year.

"These are projects designed to save lives. We are committed to reducing the state's road toll and the measures we are investing in through this program will prevent the loss of more than 1500 lives and serious injuries on our roads over 15 years," Mr Toole said.

The Liveable and Safe Urban Communities Program forms part of the NSW Government's Safer Roads Program, which is a five-year, $822 million program. More than $300 million has already spent over the last two years.