Plans to generate more social and economic value and to implement value capture mechanisms will be required on major state precinct projects, public land development and capital investments in Victoria as the government in that state seeks to derive greater value from significant public investments.

Released by the Victorian Major Projects Minister Jacinta Allan, the Value Creation and Capture Framework will require agencies to include value creation and capture (VCC) plans to maximise social, economic and environmental opportunities on major precinct, public land developments and capital projects across the state. Despite covering both value creation…