Geelong
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Victorian State Budget update – what it means for Geelong

The following summary of Victorian State Budget Key features for Geelong is provided Courtesy of Geelong Chamber of Commerce:

  • $286 million for 21 VLocity trains for the Geelong line
  • $115 million to establish new stabling and maintenance yards at Waurn Ponds for V/Line trains
  • $70 million to complete Stage Four of the Simonds Stadium redevelopment which includes development of a ‘Sunrise Centre’ to provide rehabilitation and assistance for people with a disability to return to work
  • $30 million for Stage Two upgrade of Geelong Performing Arts Centre
  • $13.5 million for the Portarlington Safe Harbour project
  • $12 million to keep Jetstar operating at Avalon
  • $10 million to rebuild Geelong High School
  • $8.3 million to continue the Barwon Trial of the National Disability Insurance Scheme
  • $7.5 million extra for the Geelong Region Innovation and Investment Fund
  • $3 million for a Geelong Manufacturing Hub at Deakin University

Geelong is also poised to benefit from the announcement of a $500 million Regional Jobs and Infrastructure Fund which includes a $200 million Regional Jobs Fund and a $200 million Future Industries Fund offering grants of up to $1 million for companies operating in six key industry sectors targeted for extraordinary growth.