Code 05ROAD3058
Project Area / Project Category Area 5 / Roads and Traffic
Location Milton
Description Corks Lane (Princes Highway link road and associated works)
Strategy To provide improved, efficient and safe public road networks for increasing traffic volumes associated with development demand.
Project Estimate $3,100,000.00 in July 2018
Indexed Estimate $3,231,933.95
Apportionment The apportionment to future development is 100%.
Nexus The project is critical for ensuring that new development pays an equitable apportionment of costs associated with providing a suitable road network which directly services demand created by development. In addition to contributions provided by development, Council will provide $188,807 (value in Oct 2006) which represents 50% of the cost of Project C (see supporting information).
Supporting Information

Supporting information can be found here.

Land Acquisition Estimate $283,340.00 in Nov 2006
Timing Development dependent.

Contribution Rate

Financial Year Contribution Rate Type Contribution Rate Existing ET / M2 / SP Future ET / M2 / SP Total ET / M2 / SP
2021 Equivalent Tenement $16,079.27 201 201