IPART has released its Final Report on the contributions that Camden Council can levy on developers in the Lowes Creek Maryland Precinct.
The Lowes Creek Maryland Contributions Plan (the plan) has been included as a third precinct in the broader Camden Growth Areas Contributions Plan. The plan covers an area of around 265 hectares and is expected to provide infrastructure to 7,000 new dwellings and a population of around 21,000 people.
Camden Council proposed to levy around $445 million to provide the infrastructure needed to service the area.
Delegated Tribunal member Michelle Coco said after implementing IPART’s recommendations, it is expected that the total reasonable cost of the plan will be around $442 million.
“This will result in contribution rates of around $67,500 for a typical house” Ms Coco said.
“Our analysis has found that most of the infrastructure costs in the plan are essential and reasonable, and that public consultation has occurred”.
The council will use the contributions it collects to fund the open space, stormwater and transport infrastructure it needs to service the residents and businesses in the new development.
The Final Report is available on IPART’s website.
Media Contact: Mark O’Brien, 0427 105 865, media@ipart.nsw.gov.au
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