Inland Rail studies uncover new investment opportunities
Two new Inland Rail studies have found prospective investment opportunities that could…
16 July 2020
The Victorian Government has cemented the way for more than $1 billion worth of job-creating building projects to get under way and help jumpstart the economy.
Treasurer Tim Pallas announced the Government’s Building Victoria’s Recovery Taskforce had helped fast-track an additional seven projects, which have all now received planning approval.
As the state continues to recoup from the economic effects of the coronavirus crisis, these projects are more crucial than ever before, because more cranes in the sky means more Victorian employment opportunities – both throughout construction, and long afterwards.
The latest projects to receive planning permits include:
On the Taskforce’s advice, the Planning Minister is also in the process of, where suitable, calling in projects that have become stuck with council or VCAT. To date, he has called in six projects totalling $750 million.
Since March, the Government has authorized 91 new and amended planning permits for projects which have a collective development value of more than $6 billion.
Quote attributable to Treasurer Tim Pallas
“These projects help grow our building and development industry, they create jobs and they build the things Victorians need.”
Quote attributable to Minister for Planning Richard Wynne
“Now more than ever, Victoria needs a strong building and development sector, and we’re making sure this industry can continue to thrive all over the state, despite the challenges of coronavirus.