Major projects move forward with E-Gate funding announced in State Budget
Minister for Major Projects David Hodgett today announced that the 2013-14 Victorian State Budget contained $2.14 million to progress planning for the development of the 23 hectare E-Gate site at the West Melbourne rail yards, just two kilometres from Melbourne’s CBD.
“The Coalition Government is progressing plans to develop the E-Gate site as part of our policy to build for growth, stimulate the economy and generate new jobs,” Mr Hodgett said.
“E-Gate has the potential to develop up to $6 billion in new investment over 12-18 years and could provide housing for up to 10,000 residents, as well as 200,000 square metres of commercial and associated retail space with strong public transport connections.
Funding in the 2013-14 Victorian Budget follows $2 million provided in last year’s budget for E-Gate. Major Projects Victoria will commence business planning, paving the way for works to commence as early as 2015, pending the relocation of existing tenants.
“E-Gate is an amazing opportunity to create a new inner city suburb for Melbourne, which will generate new housing, new jobs and a raft of flow-on economic benefits,” Mr Hodgett said.
Mr Hodgett said that the Coalition Government was progressing several exciting projects in the heart of Melbourne that will boost productivity, drive job creation and future investment.
“The request for industry submissions for Federation Square East opened last month and the Coalition Government is committed to working with the private sector to deliver this project.
“The site presents real opportunities and we are opening the door to ideas which will help transform the site from a black hole in the city landscape to a mixed-use precinct with strong connections to the surrounding areas,” Mr Hodgett said.
The Flinders Street Station design competition is also in its final stage. Six architects have been shortlisted to work up final designs for a revamp of the station site.
“The design competition presents an exciting opportunity to develop and improve the famous site, while still protecting and restoring the station’s iconic heritage.
The Coalition Government is able to build for growth and invest in major projects across Victoria through responsible economic management, maintaining the AAA credit rating and delivering a strong Victorian Budget.
“These major projects, along with the Shrine of Remembrance redevelopment and the Melbourne Park upgrade, will give a facelift to some of the underutilised areas of the city and continue to define our state at a national and international level.