The construction value of projects approved under the Andrews Government has hit $2.8 billion in its first six months.
Known as the government which scrapped the East West link freeway project, the new Victorian state government is promoting the fact it has approved $2.8 billion worth of development since being elected last November. This puts the government on track to beat the $4 billion approvals record set in 2014.
Victorian Minister for Planning Richard Wynne announced the figure on Friday at the site of a new $190 million apartment project in the Docklands. The four-tower Lend Lease project at Victoria Harbour 839-889 Collins Street, Docklands will include 1064 apartments, plus retail and office space. It will have an end value of $720 million. Construction is ready to begin and Lend Lease estimates their latest Collins Street project will generate 450 jobs annually over the two-and-a-half year build time and will support another 900 indirect jobs throughout construction.
“We’re getting on with approving developments which are well-designed and enhance the city. This is a big development, in the right location, offering a good mix of apartments so more Melburnians can live near their work and services,” said Wynne.