Edinburgh plans to build 14,000 new homes over next decade
The proposals, which are designed to tackle the city’s growing population, are to be present to the council’s finance and resources committee on October 29.
With an estimated cost of £296,443,000, the work includes the infrastructure, including roads and schools, needed to support the new residential developments.
Housing developments have been earmarked at Maybury, Cammo, Burdiehouse, Gilmerton, Newcraighall, Moredunvale Road, Queensferry, West Newbridge, Hillwod, South Gyle Wynd, Edinburgh Zoo, City Park, and Shrub Place.
Nine new primary schools and a number of extensions and replacements of existing high schools, including Castlebrae Community High School in Craigmillar, would be carried out to cope with an influx of pupils.
The council will now look into how to fund the plan exploring the setting up of an infrastructure loans fund set up with the building industry, as well as trying to secure funds from a potential city deal.
The local development plan is likely to be agreed in spring 2016.
Report author James Bury, acting director of services for communities, said: “The LDP Action Programme is a statutory requirement of the development plan process.
“It sets out a list of actions, including infrastructure measures, needed to deliver the policies and proposals in the LDP. The action programme is a corporate document and is intended to be used as a mechanism to coordinate development proposals with the infrastructure and services needed to support them. It seeks to align the delivery of the LDP with corporate and national investment in infrastructure.
“The purpose of this report is to update committee on the financial implications of the infrastructure requirements of the Local Development Plan (LDP) Action Programme on future capital and revenue budgets.
“This report also provides details of the potential funding sources available to the council to support this infrastructure and the alternative supplementary income streams to be investigated.”