13/09/2021
What is the Urban Renewal Cost Recovery Scheme (URCRS)?
The Urban Renewal Cost Recovery Scheme (URCRS) is Melbourne Water’s cost recovery program for investments in critical flooding and drainage assets required to support major urban renewal in the Arden precinct.
The URCRS is a separate charge to the Development Contributions Plan (DCP). Melbourne Water has worked closely with the Victorian Planning Authority, Department of Transport and City of Melbourne to ensure all drainage works are funded appropriately through the URCRS and DCP without any overlap between the two charges.
Melbourne Water will run a separate engagement process on its URCRS, where it will provide further information on assets, locations and charges in the Arden precinct.
For more information, visit melbournewater.com.au/urcrs