The Victorian government has promised $2.7 billion to boost the construction sector, with the bulk of the money going towards education infrastructure and public and community housing.
The stimulus package will be aimed at “shovel-ready projects,” including those that were already in the works and new refurbishment projects.
Some $1.18 billion will go towards education infrastructure, with ten new schools on their way and 57 schools to be upgraded and modernized.
A further half-a-billion dollars will go towards upgrading 23,000 public and community housing dwellings and building 168 new homes across the state.
Another $328 million will go to or resurfacing and patching roads and $100 million goes to critical upgrades of CFA and SES stations, disability accommodation, mental health and aged care facilities.
The package also includes $382 million in upgrades, maintenance and new experiences at tourism destinations across the state, “from delivering 50 kilometres of mountain bike trails in the Ararat Hills to upgrades at the Gippsland Lakes.”
“We’re getting to work on hundreds of new projects across the state, meaning shovels in the ground – and boots in the mud – within a matter of weeks and months,” said premier Daniel Andrews.
“From upgrading our roads and rail, to critical maintenance for social housing and new projects for our tourist destinations, this package will create jobs for our local tradies and so many others – and support local businesses all over Victoria.”
The government previously launched a range of measures to boost the construction sector in the light of COVID-19, including the establishment of a building and development industry taskforce.