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Industry News, Latest News, Projects, Victoria

VIC Govt approves $1.5B of projects, launches dedicated construction taskforce

The Victorian Government has approved four new projects worth more than $1.5 billion in total and set up a dedicated taskforce to keep the state’s building industry running during the COVID-19 pandemic.

Victorian Planning Minister Richard Wynne and Treasurer Tim Pallas will oversee the Building Victoria’s Recovery Taskforce. The taskforce will investigate planning and investment opportunities for the construction industry over the short, medium and long term.

It is co-chaired by Senior Executive at LendLease Roger Teale, Chair of the Victorian Planning Authority Jude Munro and Victorian Public Service CEO Stan Krpan.

Wynne also approved four new building projects located at 118 City Road, Southbank, 555 Collins St, 52-60 Collins St and 550 Epsom Road Flemington with the goal of creating thousands of jobs.

The Recovery Taskforce will provide advice to the State Government about issues affecting the industry to help remove barriers to building and development works.

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It will work in conjunction with industry and unions to review existing projects, while also ensuring workers stay safe and healthy for the delivery of this infrastructure.

The taskforce’s initial focus will be to oversee the fast-tracking of planning approvals using ministerial powers, where decisions have been delayed due to coronavirus related impacts.

The government will also seek the taskforce’s advice on a pipeline of building and development projects over the longer term, including initiatives that further expand social housing options.

The taskforce will run for an initial period of three months, reporting back to government with recommendations.

Wynne said the taskforce will help to ensure the building and development industry is a driving force for Victoria’s economy through the pandemic and beyond.

“It will help deliver existing projects more efficiently and assist new projects to get off the ground faster.”

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