Second GAIC-WIK agreement

The Victorian Government is acquiring land for a future primary school in Aintree, thanks to a second GAIC works-in-kind agreement with Mirvac.

The agreement will result in Mirvac providing the Victorian Government with 3.5-hectares of land for a future primary school, in lieu of paying the Growth Areas Infrastructure Contribution.

The agreement is in relation to the Rockbank North Precinct Structure Plan, which was approved in 2012.

Since the plan was approved in 2012 almost 1700 residents have moved into the new suburb, which will be home to more than 20,000 people once fully developed.

As more people decide to call the Woodlea estate home, it is important local infrastructure is delivered in a timely fashion, and agreements like this one will help make that a reality.

The agreement comes after 12 months of negotiations and is a major breakthrough for the local community, the state government and the developers.

The State Government acquired the site for considerably less than the Valuer-General’s valuation for the land – a win for Victorian taxpayers.

As part of the agreement, Mirvac will construct local roads to the site and all essential utilities, including water, gas, electricity, sewerage and telecommunications.

This is the second GAIC works-in-kind agreement reached in Victoria and it paves the way for more of these agreements in future.