Councillors at Monday night's Ordinary Meeting of Council endorsed the Penrith Aerotropolis Development Contributions Plan (CP).
The contributions needed for the delivery of crucial infrastructure to support the Western Sydney Aerotropolis precinct which includes roads, open spaces and community infrastructure is valued at around $830 million.
The plan follows the Ministerial amendment to the Environmental Planning and Assessment Regulation 2021 (EP&A Regulation) allowing the s7.12 levy to be increased to 5.6%. This is an increase from the maximum levy rate of 1% under the current EP&A Regulation.
The amendment was gazetted by the NSW Government on 12 July 2024 however it needed Council to adopt the plan for it to come into effect.
Penrith Mayor Todd Carney thanked Council officers for their work in compiling the Penrith Aerotropolis CP, noting the amendments are crucial to the delivery of important infrastructure.
"Western Sydney International Airport is set to be the catalyst for much of Western Sydney's future development, so the importance of having the development contributions plan in place is vital," Cr Carney said.
"Council has been able to prepare the plan through its extensive collaboration with key state agencies and members of industry to ensure the necessary support is in place for the development within the Western Sydney Aerotropolis precinct."
"In addition, Council has now secured a funding process which will enable the delivery of critical infrastructure within this extremely important sector to occur," Cr Carney said.
The regulation amendment applies to land defined in the amendment as 'Aerotropolis development levy land' which includes the below areas in Penrith City Council's LGA:
• Agribusiness Precinct
• Badgerys Creek Precinct
• Northern Gateway Precinct
