Federal Government announces Geelong City Deal funding
The Federal Government has announced a $154 million contribution to the Geelong City Deal, which it says will unlock the economic potential of the region’s tourism industry.
Prime Minister Scott Morrison announced the federal funding for the deal, which will include investment in the Twelve Apostles precinct and Shipwreck Coast area.
“Every year, more than six million people drive along the Great Ocean Road and two million visit the Twelve Apostles. But we don’t want people just day tripping from Melbourne, we want them staying the night at a local hotel, eating dinner at the local pub, and buying coffee in the morning at a local café,” Mr Morrison said.
“Our significant investments in Geelong infrastructure will mean more jobs and a better quality of life for hard working families giving local businesses a real boost.”
The Great Ocean Road region attracts over six million visitors a year – more than double the Great Barrier Reef and a million more than the Blue Mountains - and generated around $1.3 billion in tourist spending in the year ending June 2017. Visitor numbers are expected to increase by up to 50 per cent by 2025.
The City Deal will build on existing investments, helping to deliver the shared long-term vision for the Geelong region.
The Liberal and Nationals Government will work toward finalising the deal with the Victorian Government which outlined its commitments earlier this year.