Key developments fast-tracked in Victoria
|
18 September 2009
|
Significant developments in Melbourne are being fast-tracked as part of a plan to boost the economy during the global financial crisis.
|
In the fourth round of fast-tracking, more than 831 jobs are expected to be created, providing a boost the Victorian economy of more than $162 million.
Three developments, including inner-city and suburban residential and commercial developments, as well as a major new home improvement store in Melbourne’s north, will have the planning process sped up.
Victorian Planning Minister Justin Madden said the development proposals made a substantial contribution to the Government’s policy to manage Melbourne’s growth by delivering new housing close to transport, services and local amenities.
“Our government is securing jobs by fast-tracking significant projects and providing certainty to the development industry while meeting the Brumby Labor Government’s Melbourne 2030 and Melbourne@5 Million planning objectives,“ Mr Madden said.
The Victorian Government’s Department of Planning and Community Development assesses significant projects on a case-by-case basis, and advises the Minister for Planning on appropriate actions. As a result of the latest round of developments under consideration, the Government is bringing forward the following projects:
|
- the Woolworths $13 million hardware and home improvement store at Coolaroo, in Melbourne’s north, creating more than 60 construction jobs and employing 130 ongoing staff. Woolworths plan to open 30 stores over the next three years, representing a total investment of $400 million and up to 15,000 jobs for Victorians;
- a 15-level mixed-used development at Claremont Street, South Yarra, in Melbourne’s inner-city. The $66 million project is scheduled to commence in early 2010, with the potential to create 284 jobs during construction; and
- relocation of the Pakenham Race Course to Tynong and the redevelopment of the existing Pakenham site into a mixed-use commercial and residential precinct is referred to the Priority Development Panel. The $83 million project could create 357 direct and indirect jobs.
|
|
Further information can be found at www.dpcd.vic.gov.au.
|
