Stage one complete – Melbourne Square precinct
Stage one of the 2.8 Billion Melbourne Square precinct has been completed.…
10 September 2020
The state’s economic recovery will be further boosted by the fast tracking of over $1 billion worth of building and development projects set to generate jobs and increase growth in metropolitan, rural and regional Victoria.
Planning Minister Richard Wynne has increased an already extensive pipeline of shovel ready projects by authorizing another round of new planning permits worth $933 million. They include:
Over $100 million worth of revised planning permits which are necessary for significant alterations to a development have also been given the green light. Since March 135 new and modified planning permits have been granted with a total development value of more than $7 billion, assisting in securing employment for our building and construction industry.
The Minister has also called in an application for a Lilydale retirement village and an application for 14 new cabins as part of the White Horse Village development at Mount Buller Alpine Resort.
The Building Victoria’s Recovery Taskforce fast-track function will continue for at least the next 12 months with a devoted team continuing to review and assess important projects for faster approval, with the criteria for intervention refined to better reflect current priorities for Victoria’s economic recovery.
Priority projects are being assessed for their capacity to protect and generate jobs, stimulate economic growth and contribute to broader social objectives like affordable housing and emissions reduction. The construction industry is still operating under Stage 4 restrictions with strict safety measures in place to slow the spread of coronavirus.
Quote attributable to Minister for Planning Richard Wynne
“It’s more important than ever we continue adding to our pipeline of shovel ready projects to create jobs and stimulate the economy as we get to the other side of this second wave.”
Quote attributable to Treasurer Tim Pallas
“Victoria’s building and development sector is a key driver of our economy and these projects signal our commitment to give this industry the support it needs to make it through to the other side of the pandemic.”