14/06/2024
What is an infrastructure contributions plan (ICP)?
An Infrastructure Contributions Plan (ICP) is a system for funding basic and essential local infrastructure required by a new community.
When land within a precinct is developed, an ICP determines whether an infrastructure contribution is required to be paid by developers to fund the provision of works, services or facilities (infrastructure) and/or secure land for public purposes.
ICPs are based on the principle that the future users of new infrastructure should pay a fair and reasonable contribution towards its provision. The cost of the infrastructure identified through the PSP which is to be recovered from landowners is generally distributed proportionally across the landholdings.