The State Government’s Building Victoria’s Recovery Taskforce is fast tracking the delivery of seven jobs-creating building projects – with a combined value of approximately $1.1 billion – to help kickstart the economy as it recovers from the recent pandemic.
The projects that received planning approval include:
“These projects help grow our building and development industry, they create jobs and they build the things Victorians need,” Treasurer Tim Pallas said.
Following the Taskforce’s advice, the Planning Minister will begin the process of, where appropriate, calling in projects that have been sitting with council or VCAT. To date, there are six projects – with a combined value of $750 million – already called in.
Beginning March of this year, the Victorian Government has green-lighted 91 new and amended planning permits for various developments that have a total value of over $6 billion.
“Now more than ever, Victoria needs a strong building and development sector, and we’re making sure this industry can continue to thrive all over the state, despite the challenges of coronavirus,” Minister for Planning Richard Wynne said.
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Source: Premier of Victoria; The Urban Developer
Over $1.2 billion worth of building and development projects are being fast-tracked by the State Government as part of its ongoing efforts to kickstart Victoria’s economy as well as create thousands of jobs.
Amid the COVID-19 pandemic, the Victorian Government is pushing through with delivering projects that will keep the State’s building and development sector running as well as create jobs by establishing the Building Victoria’s Recovery Taskforce.
The development of a new $1.2 billion commercial tower above the future Victoria Cross Station in North Sydney, New South Wales has been given the green light as part of the third tranche of projects covered by the State Government’s Planning System Acceleration Program.
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