Page 777 - Week 03 - Tuesday, 8 April 2014
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In terms of the economic and financial settings, the Chief Minister last month announced the complementary stimulus package which provides incentives for development through lower lease variation charges and further rewards for sustainability and innovation in built design. Lower extension of time fees also free up resources for developers and provide timing flexibility for investment.
In terms of infrastructure, the city plan fully embraces the opportunities associated with the city to the lake and capital metro proposals and provides a clear framework within which these two major projects sit.
City to the lake includes a number of key projects that can deliver on the vision that the city plan puts forward. The plan indicates some preferred sites for a stadium, an aquatic facility and a convention centre, but these are all subject to further investigation and site feasibility assessment.
The city plan sets out a framework that will strengthen the success of some of these projects. Most importantly, we need to think about how public, private and active transport options can be managed to make the city to the lake proposals easy, convenient and safe to access.
The city plan also places the light rail project, capital metro, at the heart of changing the way people get to, through and across the city and begins to set a path for its future extension that will be considered in the light rail master plan currently being developed by the government.
Construction of capital metro is due to commence in 2016. It will initially deliver people to stops that connect with the current bus interchange facilities. The city plan guides the path of capital metro further into the city centre with the potential future expansion of a rapid transit network and how it can become the centre of a transport hub that easily connects buses, light rail, taxis, bicycles and pedestrians to give people real travel choices.
As I mentioned at the beginning of my comments today, it is important that, as the national capital, we invest in revitalising the city through transformational projects befitting its significance as a local, regional and, indeed, national centre.
The successful implementation of the city plan is essential to prepare for a new phase of economic and population growth. The plan presents new opportunities—activating the waterfront and breathing new life into underutilised areas adjacent to City Hill.
While there will be an ongoing program of improvements, the plan identifies five priority projects. These include a transport and movement study to develop options to reduce through-traffic in the city centre, and including public, private and active transport and parking; an urban design framework to guide high quality building and capital works outcomes, particularly for gateway sites around City Hill and for the revitalisation of the Sydney and Melbourne buildings; an economic development analysis to encourage development, redevelopment and reuse; the redevelopment of the Allawah, Bega and Currong flats to provide for more than 1,000 new residential
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