Victorian government's on-going commitment towards state infrastructure
Urban redevelopment gaining traction as major solution to reduce congestion in Victoria
- (1888PressRelease) April 14, 2016 - Expected to create more than 100,000 new jobs, the Victorian government has unveiled plans in the 2015 state budget to commit $22 billion towards public infrastructure over the next four years.
More than $1.5 billion of this funding is expected be dedicated towards the development of the Melbourne Metro Rail Project, entailing the construction of two nine-kilometre tunnels underneath Melbourne CBD, as well as five new railway stations.
The Melbourne Metro Rail Project will foresee the development of Victoria's very first underground metro rail service, and is expected to increase public transport capacity by an extra 20,000 passengers during peak hour times.
Further upgrades to the state's rail network are expected to include a $2 billion order to purchase and develop 37 high-capacity metro trains, 20 E-Class trains and five new X'Trapolis trains.
With growing concerns of Victoria's rising population as Australia's fastest growing state by population, urban redevelopment has been gaining traction as a major solution to reducing congestion and increasing quality of life.
In September of last year, the Victorian government created Infrastructure Victoria to manage the transformation of Victoria's urban and commercial landscape, including the development of Victoria's 30 year infrastructure strategy for the future.
The legislative body is tasked to meeting Victoria's immediate and long-term infrastructure needs are identified and prioritised based on objective, transparent analysis and evidence, in conjunction with initiatives such as Plan Melbourne Refresh.
Plan Melbourne Refresh is a Victorian government initiative to achieve better governance, planning and regulation within the state, with a focus on climate change, energy efficiency and housing affordability.
The Fishermans Bend Redevelopment is one such infrastructure project which forms part of the government's approach towards reinvigorating underutilised land, aimed at transforming roughly 455 hectares of industrial land.
Comparable to the recent Docklands development west of Melbourne CBD, the Fishermans Bend Redevelopment is expected to be home to approximately 80,000 residents and facilitate more than 60,000 jobs.
Other major infrastructure developments taking place within Victoria include the Ballarat West Employment Zone, which is expected to create up to 9000 new jobs and inject $5 billion per annum into the Ballarat economy.
In discussion of these infrastructure opportunities, the 7th Annual Victorian Major Projects Conference will be taking place at the Melbourne Exhibition and Convention Centre for government and private representatives to review prominent projects within the state.
The conference annually attracts more than 250 delegates annually and features more than 20 key speakers across a wide range of industries and sectors. It will cover developments such as the Melbourne Metro Rail Project and the Fishermans Bend Urban Renewal.
The two day conference provides highly valuable networking opportunities for project managers, operators, contractors, consultants and investors to learn about the extensive pipeline of projects within the state.
The 7th Annual Victorian Major Projects Conference is being held on the 19th & 20th of April at the Melbourne Convention and Exhibition Centre.
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