The Victorian Government is acquiring land for a future primary school in Truganina, thanks to a groundbreaking agreement with Villawood.
The GAIC works-in-kind agreement will result in landowners providing the Victorian Government with 3.5-hecatres of land for a future primary school. Villawood, the developers, negotiated the agreement on behalf of the landowners.
The land will be provided in lieu of paying the Growth Areas Infrastructure Contribution – the state government levy charged to developers delivering our new communities.
The agreement is in relation to a Victorian Planning Authority precinct structure plan for the south-eastern part of Truganina, which was approved in 2014.
Since the plan was approved in 2014 almost 2000 dwellings have been sold in the precinct and the wider Truganina suburb now has a population of more than 20,000 people.
As more people decide to call Truganina 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 the Victorian Government has managed to secure significant savings for the site.
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, Villawood will build local roads to the site and install essential utilities, including water, gas, electricity, sewerage and telecommunications.
This is the first GAIC works-in-kind agreement reached in Victoria and it paves the way for more of these agreements in future.