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Planning Minister Matthew Guy has approved a $533 million infrastructure contributions package to fund key roads, community facilities and services in the City of Wyndham.
The Wyndham West Development Contributions Plan (DCP) will help fund the delivery of 15.6 kilometres of new roads, 33 intersections, 27 bridges, 18 full size sports fields within 122 hectares of new open space and 6.3 hectares of land for community facilities across seven new precincts over the next 30 years.
Mr Guy said the contributions plan also featured a landmark agreement between the Victorian Government, City of Wyndham and developer Lend Lease that will allow funding to be brought forward to deliver the Armstrong Road/Ison Road link between the Werribee River and the Princes Freeway.
"Construction of Armstrong Road and Ison Road is required early in the development of the Wyndham West sub-corridor. The City of Wyndham will forward fund this important project, with the council's finance costs to be covered by the Wyndham West DCP provisions," Mr Guy said.
"This approach provides a practical solution to deliver much needed infrastructure to one of Australia's fastest growing areas."
A proposal has also been put forward to use recently introduced Growth Areas Infrastructure Contribution Works-in-Kind (GAIC WIK) arrangements to build a bridge over the Geelong railway line as part of the delivery of Ison Road, a project Member for Western Metropolitan Region Andrew Elsbury said would significantly improve traffic flow in Werribee.
"Both Armstrong Road and the proposed bridge over the Geelong railway line will overcome traffic congestion in Cotterell St, Werribee and provide an important transport link from Wyndham West to the Princes Freeway," Mr Elsbury said.
"This is a fantastic example of the Napthine Government implementing new funding models to provide key infrastructure for Melbourne's outer west. It also highlights how development in our growth areas can provide key infrastructure to service existing communities."
Mr Guy said the Wyndham West DCP outlined $533 million worth of projects, with developer contributions set to provide $431.6 million to help fund new infrastructure. The balance of funds for the projects identified in the DCP for the Wyndham West precincts will be covered by GAIC WIK, DCPs for adjoining areas, Section 173 agreements, Government budget cycle contributions and contributions from Wyndham City Council and Melbourne Water.
Approval of the DCP has paved the way for the first stage of the $1 billion Harpley development, within the approved Black Forest Road South precinct, to commence in August. The 435-hectare precinct will ultimately provide 4,000 new homes, key transport links and community facilities.
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