The Western Outer Ring Main (WORM) is a major pipeline infrastructure project in Melbourne’s north western growth corridor, with approximately 51km of underground high-pressure gas transmission pipelines between the Wollert Compressor Station in the north and Plumpton Meter Station in Melbourne’s west. The proposed route of the WORM impacts hundreds of landowners, including rural farmers, land developers and government bodies across a range of asset classes.
Our valuers were engaged by the legal representatives of numerous dispossessed landowners to undertake compensation assessments, arising from the compulsory acquisition of pipeline easements required for the project.
Compensation is assessed in accordance with the Land Acquisition and Compensation Act 1986 and is based on the market value of the easement, as well as any severance impacts as a result of the project, for example, a reduction in redevelopment potential or the utility of the balance of the land.
Our deep understanding of the complexities in assessing the individual impacts of easement acquisitions is vital in resolving compensation matters for our clients. Urbis has the largest and most experienced team of qualified valuers who specialise in compulsory acquisition valuations.
Urbis’ deep understanding of the complexities and nuances in assessing the individual impacts of easement acquisitions is vital in resolving compensation matters for clients.