Logan ratepayers, and residents of Greater Flagstone and Yarrabilba in particular, will benefit from a landmark agreement between Logan City Council, the State Government and key developers.
Under the 45 year deal Yarrabilba and Greater Flagstone Developers will contribute $1.2 billion to upgrade roads and deliver water and wastewater infrastructure to connect and service the two Priority Development Areas (PDAs). Logan City Council will also fund $1.2 billion towards the total cost of infrastructure.
Logan City Council Interim Administrator Tamara O’Shea said the agreement was the largest infrastructure agreement of its type in Australia.
“Our Acting CEO Silvio Trinca worked hard for many years on complex negotiations and I congratulate him for securing the best possible deal for Logan,” Ms O’Shea said.
Flagstone and Yarrabilba are in Logan’s booming south-west corridor, with estimates that 200,000 people will be living in these suburbs by 2066.
Ms O’Shea said the agreement provided the necessary funding framework to ensure the PDAs contributed funding to essential local government infrastructure required to service these emerging communities over the next 45 years.
“This guarantees the roads, water supply and wastewater infrastructure needed to connect the emerging communities with the surrounding networks are delivered without placing an impost on Logan ratepayers,” she said.
“Nine key developers will contribute funding for the infrastructure through upfront charges, over and above their development costs within the PDAs.
“These two PDAs will deliver a substantial portion of the new housing needed in South-East Queensland over the next three to four decades.
“This historic agreement provides the foundation for these newly developed areas to continue to be thriving, well-serviced communities within the City of Logan.”
Under the Agreement 170km of council roads will be upgraded as well as the construction of two new state of the art wastewater treatment facilities to service the two new cities of Yarrabilba and Greater Flagstone.