Contributing to Blayney Shire infrastructure

Projects such as McPhillamys can bring many benefits to rural and regional communities including new jobs, business opportunities, population growth and new local services. Another advantage is the upgrade of local infrastructure and services, funded by the developer—in this case, Regis
Resources.

If the McPhillamys Gold Project is approved, Regis will be required to make a contribution to the Blayney Shire Council (in addition to our normal Council rates and fees) to fund projects in the Shire. This will be done through a Planning Agreement (PA) between Regis and the Council, which was
considered at this week’s (16 November) Council meeting.

Have your say

Members of the community can review and comment on the Planning Agreement which is on public exhibition for 28 days. The PA documents are available on Council’s website:https://www.blayney.nsw.gov.au 

In brief, the draft PA requires Regis to pay one percent of the estimated total capital cost of the project, to Blayney Council. The payment would be made in installments with an upfront contribution of one million dollars. This would be followed by annual payments of $212,222 (subject to CPI or two percent adjustment whichever is the greater after the first annual payment).