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Industry News, Latest News, Projects, Victoria

Victoria provides a billion-dollar boost to construction approvals

The Victorian Government has credited its Big Build as one of the drivers of its job creation boom.

The Victorian Government will fast-track seven multi-million-dollar projects in a billion-dollar push to kick start the economy and create construction jobs.

The State Government’s Building Victoria’s Recovery Taskforce has helped the projects receive planning approval.

The projects are:

  • A $291 million, two tower residential development at 938 Collins Street, Docklands, featuring 668 apartments
  • A $250 million development at 31 Station Street Caulfield, which includes a build-to-rent scheme, affordable housing, a supermarket, retail and office space
  • The $150 million Geelong Civic Precinct, including a 6-storey commercial building to be used as the new civic centre for the City of Greater Geelong, and a 12-storey commercial development to accommodate a further 900 full time workers
  • A $200 million solar farm at Kennedys Creek, located 5km northeast of Benalla, which will generate 115 megawatts, enough to power more than 50,000 households
  • Two multi-storey apartment buildings at 103-109 and 115-117 Boundary Road in North Melbourne with retail and office space, valued at $41.2 million
  • A $70 million development at 346-350 Macaulay Road Kensington, including 6 multi-level buildings comprising 426 dwellings and retail space
  • A $110 million nine-story mixed use development at 285A Burke Road, Glen Iris, which is next to the Gardiner train station, comprising of 11 dwellings funded under the National Disability Insurance Scheme.

The Victorian Planning Minister Richard Wynne is also in the process of calling in projects that have become stuck with council or Victorian Civil and Administrative Tribunal approvals, where appropriate.

“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,” Wynne said.

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Since March, the Victorian Government has approved 91 new and amended planning projects which have a combined development value of more than $6 billion.

Construction projects will play a key role in Victoria’s economic recovery to help provide more jobs during construction and afterwards.

“These projects help grow our building and development industry, they create jobs and they build the things Victorians need,” Victorian Treasurer Tim Pallas said.

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