Two months back, the Victorian Premier reaffirmed the State Government’s commitment to supporting and developing Victoria’s regional economy. Mr Baillieu announced that the Government would provide $835,000—to be matched by the City of Ballarat—for $1.67 million Ballarat West Employment Zone construction blueprint.
According to the Major Projects Victoria media release:
“The BWEZ is a 623-hectare site strategically located adjacent to the Ballarat airport and in close proximity to new residential growth areas. Once developed, the BWEZ is expected to generate 9000 jobs and approximately $5 billion in economic output for the City of Ballarat.”
A boon to the local community and the Melbourne labour hire market, the BWEZ will host a range of industries including transport and logistics, manufacturing, engineering and information services.
This week, the Victorian Coalition Government reaffirmed its commitment to regional development by introducing a bill to parliament that promises to boost Victoria’s economy through the development of thousands of hectares of parklands in regional Victoria.
“The Coalition Government is delivering on its $630 million commitment to build a bigger and better hospital in Bendigo and to do this requires redevelopment on the current site and construction of a new hospital on land to its west,” said Minister for Environment and Climate Change, Ryan Smith.
The bill promises to boost the Victorian economy significantly through the creation of 67,000 jobs in Ballarat West and East Werribee. The Melbourne construction recruitment sector will also benefit from the development with the East Werribee Employment Precinct alone set to house more than 7,000 new homes and 58,000 new jobs.
The investment in regional Victoria is based on an irrefutable economic reality. Two months back, in his address to the Australian Industry Group in Ballarat, the Premier noted that regional Victoria produces one third of the State’s exports.
As a Melbourne contract labour company, Telum welcomes the Victoria State Government’s investment in the state. And the development involves more than the creation of business precincts.
The $38 million Ballarat West Link Road will play a key role in servicing the BWEZ and contribute to the local economy in its own right. The road will employ considerable numbers of local labour hire candidates and generate peripheral jobs. The project has recently been beset by setbacks, but when complete, the 4.2 kilometre northern section of the Ballarat Western Link Road will connect the Western Freeway and the Lucas Neighbourhood Activity Centre.
All in all, the Victorian Government’s continued investment in the state is good news for the economy and good news for the construction industry.