Victoria is the latest state to announce plans to support its construction industry by approving $1.2 billion worth of building and development projects.
It is the latest attempt by Premier Daniel Andrews to reboot his state’s economy by creating potentially thousands of jobs.
The Building Victoria’s Recovery Taskforce are overseeing the acceleration of five ‘shovel ready priority projects’ aimed at boosting Victoria’s building and development industry for the foreseeable future.
The latest projects to be given the go ahead include the new Melbourne HQ of the Australian Federal Police – a $290 million, 21-storey office building at 140 Lonsdale Street. 857 apartments will make up the $234 million 68-storey residential development at 640 Bourke Street.
A $180 million Fender Katsalidis-designed hotel at 600 Lonsdale Street, a 20-storey office tower at 683-699 Elizabeth Street and a $60 million residential development at 67-81 Galada Avenue in Parkville make up the five shovel ready projects.
This comes as states across Australia look to fight back against the impacts of COVID-19 after Queensland’s government recently announced $365 million would be injected into its rural infrastructure.