Under the new planning reforms developed by the New South Wales Government, councils will be able to levy developers Local Infrastructure Contributions (LICs) to meet the efficient cost of providing ‘essential infrastructure’. The infrastructure includes transport facilities, local and district open space facilities, community facilities and stormwater drainage facilities.
IPART has been asked by the Government to provide benchmark costs for essential infrastructure and guidance on how to estimate efficient costs. As part of this work, we are also examining matters such as: regional cost variations, how to value land and how to keep costs up to date.
This Information Paper invites comments from interested individuals, groups or organisations to assist us with our investigations.
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