Growth area infrastructure fund to create new and vibrant neighbourhoods

The Property Council has welcomed a new $120 million infrastructure funding program for growth areas proposed by the Victorian Government.

The Growing Melbourne Package, announced on 23 October, would help local governments in Victoria’s fastest growing regions address gaps in infrastructure delivery and better manage the cost of building new neighbourhoods.

The Property Council has called on both sides of politics to create a $0 million Growth Areas Road Transport Fund to invest in arterial road development across the outer suburbs.

Arterial road investment must always be done prior to suburban development in order to maximise its liveability and economic multipliers, and ease the worsening congestion in Victoria’s fastest growing communities.