Posted August 02, 2018 16:01:53 Canberra’s development boom has seen the number of development projects listed as in “green” or “red” in the ACT Government’s new development report.
“The green growth is being driven by a significant increase in the number and scope of development opportunities,” reads the document.
“Development opportunities are being sought for the majority of the new construction projects listed in the report.”
The red growth in the capital’s development projects is due to “increased congestion” in Canberra, which has been blamed for “significant adverse impacts on the local environment”.
It says the capital is “increasingly identified as a hotspot of the city’s congestion”.
It’s not the first time the Government has used the term “green growth”.
The term was used in 2017 when the government announced a $2.2 billion capital plan to rebuild the city, but the number went down by just over one per cent.
A decade earlier, it was used to describe the economic expansion of the CBD after the 2001 earthquakes.
The report said it was “increasing in scope, intensity and depth”.
The green growth includes infrastructure projects that will be completed by 2027, the National Park and the Western Australia’s Great Barrier Reef.
The government says its new plan includes the construction of more than 40 new public transport hubs across the state, and a new highway, as well as a new high-speed rail line and a water port.
The green investment was made available through the Capital Plan 2020, which was signed off by Prime Minister Scott Morrison last week.
It also included $100 million to improve public transport in the region.
The Government says the funding will be used to “provide more certainty” for local residents and businesses.
The new plan comes after a two-year study into how the capital could grow faster in the future.
The ACT Government said in 2017 the capital needed to get “greener and denser”.
The report recommends it use a mix of “new and existing infrastructure” to achieve this.
“This strategy includes the following: more flexible and flexible housing supply; greater emphasis on regional connectivity and the provision of services and amenities that facilitate travel to and from the city; and a stronger focus on new construction of new buildings and associated infrastructure,” the report said.