Have your say on the draft Penrith Aerotropolis Development Contributions Plan
- Details
- Written by: Rochelle Burr Penrith City Council (02) 4732 7777 (02) 4732 7958 council@penrithcity.nsw.gov.au https://www.penrithcity.nsw.gov.au 601 High St Penrith NSW 2750 Australia
Wednesday, 14 June 2023
Penrith City Council invites community and industry views on the future development of the Aerotropolis precinct, with the draft Penrith Aerotropolis Development Contributions Plan released for public exhibition from 15 June to 13 July 2023.
The draft Aerotropolis Development Contributions Plan (the Plan) seeks to deliver $815 million by apportioning a contributions rate of 5.5% for development over $200,000 within the Aerotropolis precinct in Penrith’s Local Government Area.
The contributions will fund the delivery of essential infrastructure such as local roads, bridges, active transport connections, open spaces and community facilities as identified in the Aerotropolis planning package.
Penrith Mayor Tricia Hitchen says the Plan establishes a sustainable funding model that will ensure adequate infrastructure is in place to support growth within the emerging Aerotropolis precinct.
“Our vision is for the Aerotropolis to become a hub of industry and innovation that offers a diverse range of jobs for the community, but achieving this ultimately depends on our ability to fund the necessary infrastructure.
“The Plan will see the costs to deliver local infrastructure in the Aerotropolis precinct shared by those benefiting from the development, and importantly will ensure these costs don’t fall to Penrith ratepayers,” Cr Hitchen said.
The Plan was previously released as a joint plan between Penrith and Liverpool City Councils in 2020-21 and a key change is that both councils now have their own Plans to enable greater autonomy and simplified administration of the Plan.
With the total cost of local infrastructure for both councils estimated at $2.8 billion, a collaborative approach was taken to develop individual plans which better reflect the unique requirements and costs of infrastructure for each Local Government Area.
Find out more at yoursaypenrith.com.au/draft-penrith-aerotropolis-CP. Written submissions can be made via email to:
Information contained within this news release was correct as at Wednesday, 14 June 2023.