Billion Dollar Boost To Building And Construction

03 July 2020

The Victorian Government has paved the way for more than $1 billion worth of job-creating building projects to get started and help kickstart the economy.

Treasurer Tim Pallas today announced the Government’s Building Victoria’s Recovery Taskforce had helped fast-track another seven projects, which have all now received planning approval.

As the state continues to recover from the economic impacts of the coronavirus crisis, these projects are more important than ever before, because more cranes in the sky means more Victorian jobs – both during 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 appropriate, calling in projects that have become stuck with council or VCAT. To date, he has called in six projects totaling $750 million.

Since March, the Government has approved 91 new and amended planning permits for projects which have a combined 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.”

 

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Source:  Victorian Government - www.premier.vic.gov.au

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