Friday, 16 March 2012

Parramatta. Upgrades of properties easier

Parramatta City Council is one of only two councils in NSW – the other is Sydney City Council – to establish environmental upgrade agreements (EUAs), which aim to make it easier for building owners to implement upgrades to their properties. Council said EUAs in Parramatta’s CBD alone can potentially attract $150 million of investment in building upgrades; create148 full-time jobs; and reduce building owners’ outgoing costs by $26 million through water and electricity savings. A EUA is an agreement between a building owner, financier and the local council to finance building upgrades to existing non-residential buildings.



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