Presentation Transcript
Growing infrastructure investment: Growing infrastructure investment $ billion Net operating cash flow
(2000-2010) Source: Victorian Budget Papers
Record net infrastructure investment $12.6 billion of investment over 4 years to 2009-10 : Record net infrastructure investment $12.6 billion of investment over 4 years to 2009-10 Source: Australian Bureau Statistics
Value of current projects $’m: Value of current projects $’m
Major boost for business and tourism Melbourne Convention Centre Development: Major boost for business and tourism Melbourne Convention Centre Development Features:
5000-seat convention centre
Five-star Hotel
Office and residential tower
Riverfront retail promenade.
Major boost for business and tourism Melbourne Convention Centre Development: Major boost for business and tourism Melbourne Convention Centre Development Government investment of $370 million.
Delivered under Partnerships Victoria Model.
Projected to:
Boost Victorian economy by $197 million per annum
Generate 3,500 jobs, including 1000 during construction.
Australian-first research facility: Australian-first research facility Australian Synchrotron project: On time and on budget, scheduled to open in 2007.
Government investment of $157 million.
To deliver $65 million annually to Victorian economy.
To create up to 2500 jobs in high-tech firms and support services clustering around facility.
New state-of-the-art stadium: New state-of-the-art stadium 20,000-seat rectangular stadium:
New home for Melbourne Victory and Melbourne Storm
Sports campus
Elite training centre and office accommodation
Government investment of $149 million.
VicUrban objectives: VicUrban objectives Community & Affordability Environment & Urban Design Commercial Success
Dandenong Transit City: Dandenong Transit City Total of $290 million funding to revitalise Dandenong and create Dandenong Transit City.
Involves:
4000 new homes
Better transport access
Public infrastructure development
To stimulate $1 billion in private sector investment and create 5000 jobs.
Dandenong Transit City : Dandenong Transit City Approximately 1500 people attended the Community Open Day
on 8 April.
Involved local residents, local businesses and
community interest groups.
Hosted by VicUrban and City of Greater Dandenong.
Costs for Open Day - VicUrban cost incurred was $28,635. An additional $5,000 was contributed by City of Greater Dandenong.
Dandenong Transit City – A Shared Vision : Dandenong Transit City – A Shared Vision
Melbourne Docklands Vision: Melbourne Docklands Vision
Melbourne Docklands at a glance: Melbourne Docklands at a glance Daily Population 2002 Mid 2005 2006 Project Completion
Daily Office Commuters/Retail Workers 1,000 5,500 6,500 30,000
Residents 300 4,000 6,300 20,000
Visitors 8,000 10,000 20,000 55,000
(Million per annum) (2.9) (3.7) (7.3) (20.0)
Total Daily population 9,300 19,100 32,800 105,000
Construction 2,000 3,000 3,000
Melbourne Docklands investment: Melbourne Docklands investment 1999 2006 Project Completion
Development Values $500m $3.7B $10.0B
completed / under construction
Contracted Development Values $2.0B $8.2B $10.0B
Private / Public Investment Ratio
completed / under construction 9:1 20:1 100:1
contracted development values 33:1 45:1 100:1
Urban renewal commitment: Urban renewal commitment
Urban renewal commitment: Urban renewal commitment
VicUrban Regional Projects 2006: VicUrban Regional Projects 2006
Industrial waste facility: Industrial waste facility
Dutson Downs : Dutson Downs Gippsland Water to establish a world-class soil recycling
facility at Dutson Downs.
In late 2005 EPA approved Stage 1 of project.
Construction of Stage 1 is likely to commence mid 2006.
Facility expected to open in early 2007.
Conclusion: Conclusion Major projects are a core contributor to Victoria’s economy.
Government will invest $12.6 billion in infrastructure over the four years to 2009-2010.
Through Building One Victoria, the Government is providing better services, higher living standards and a strong and growing economy.