More Major Projects To Build Our Economic Recovery

14 September 2020

The state’s economic recovery will be further bolstered by the acceleration of more than $1 billion worth of building and development projects set to create jobs and stimulate growth in metropolitan, rural and regional Victoria.

Planning Minister Richard Wynne has added to an already extensive pipeline of shovel ready projects by approving another round of new planning permits worth $933 million. They include: 

More than $100 million worth of amended planning permits which are required for significant changes to a development have also been approved. Since March 135 new and amended planning permits have been issued with a combined development value of more than $7 billion, helping to secure jobs 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 dedicated team continuing to review and assess priority projects for accelerated 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 create 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.”

 

--ENDS--

 

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

Date of Original:  09 Setpember 2020

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