Metropolitan fringe growth - who should pay the real cost of new development?
Victoria's urban development, particularly in the metropolitan fringe growth corridors of Melbourne, require not only physical infrastructure but social infrastructure as well. All are subject to fluctuations in funding levels and financing arrangements, whilst significant public funds are being used to sustain affordable housing in these growth corridors. The affordability goal, however, has failed to provide the finance for the infrastructure required. The challenge now is to develop a package of alternative financing mechanisms to enable the timely provision of physical infrastructure and services needed to support corridor growth. This includes ways to interest the private sector in developing these types of services, including their funding and management. Getting the price structure right will enable households to choose the form of housing they prefer with full knowledge of the costs of their decisions. This requires an integrated approach that combines both land use (or transport) and financial planning in considering any development proposal.
- Phillips, E T
- Collins, A G
- Publication Date: 1992
- Pagination: 41-55 (Wednesday)
- Monograph Title: ASPAC 92: IRF/ARF Asia Regional Pacific Road Conference, 1992, Gold Coast, Queensland, Australia
- TRT Terms: Financing; Infrastructure; Policy; Private enterprise; Urban development
- ATRI Terms: Funding; Infrastructure; Policy; Private funding; Urban development; Urban form
- Subject Areas: Policy;
- Accession Number: 01433189
- Record Type: Publication
- Source Agency: ARRB
- Files: ATRI
- Created Date: Aug 24 2012 5:29PM