Business
Fee Structure Changes underNew Law
The Central Planning Authority will nowcalculate infrastructure fees on approved developments based onfloor area (or per square foot).
The Legislative Assembly passed, on 25 May,the Development and Planning (Infrastructure Fund) Law 2001 whichstates that any planning permission granted on or after 15 June2001 will be subject to the new method.
The Planning Department will collect infrastructurefees based on the calculations as follows:
Area A: CI$2.50 per sq. ft.
Area B: CI$1.50 per sq. ft.
Area C: CI$0.50 per sq. ft.
These fees were determined, previously,by a percentage of construction value: 2.5%, 1.5% and 0.5% forareas: A, B and C respectively.
The physical "boundaries" of areasA, B and C and the types of developments to which infrastructurefees apply, remain the same. They are still due and payable beforethe issuance of a building permit.
The Planning department is doing its bestto ensure that this change transpires smoothly and with as littleinconvenience to customers as possible.
Any queries may be directed to the PlanningDepartment at 244-3482.