Melbourne Looks to Developers to Fund Conservation to Offset City Sprawl
Developers will pay almost $1 billion over the next four decades under a plan the state government says will create at least 38 new reserves, among them a 15,000- hectare site on the city’s western fringe that could become the state’s newest national park.
The plan, which still needs federal approval, is intended to offset the environmental damage to sensitive grasslands, woodlands and endangered species caused by Melbourne’s expansion.
It aims to redress the loss of key habitats from building more than 350,000 houses in urban growth corridors over coming decades. It also is said to cover the building of the regional rail link and outer-metro ring road.
Read more via The Age