On 27 April 2018, the Australian and Western Australian governments signed a memorandum of understanding to negotiate a City Deal for Perth.
By 2050 Perth is forecast to become a city of 3.5 million. This will require 800,000 new homes to be built, as well as the foundations for new jobs, services, and recreation across the city.
The Perth City Deal will leverage joint Commonwealth and state investment in METRONET, an ambitious plan to connect Perth’s suburbs, reduce congestion and meet Perth’s future planning needs by investing in newpublic transport infrastructure and services and planning for new urban communities.
METRONET aligns strongly with the objectives of the Commonwealth’s Smart Cities Plan, and provides a solid basis for an ambitious and transformative Perth City Deal.
The Perth City Deal will be focused on reforms to secure the wider benefits of METRONET and to ensure there is a shared long term vision for the future growth of Perth. This will include investigating opportunities to boost the delivery of diverse infill housing, explore value capture to help fund the cost of key METRONET projects, and to improve planning, governance, and coordination across Perth.
The Australian and Western Australian governments will now work together to negotiate the Perth City Deal.