Geelong City Deal signed
A $355 million Geelong City Deal has been signed by the Australian and Victorian Governments and the City of Greater Geelong to revitalise the city and the broader regional economy.
Key commitments of the Geelong City Deal include:
$171.2 million for a new Convention and Exhibition Centre in the city centre.
$27.85 million to deliver a range of projects to revitalise public spaces in central Geelong.
$3.5 million for the Geelong Waterfront Safe Harbour project, building on existing investments
$108.15 million jointly invested by the Australian and Victorian governments to deliver priority projects under Stage Two of the Shipwreck Coast Master Plan.
$27.5 million of Commonwealth funds for a range of other projects along the Great Ocean Road, to better accommodate tourists and reduce impacts of increased visitation on the local community.
$7.6 million to expand Deakin University’s Future Economy Precinct at the Waurn Ponds campus.
$10 million for the construction of a new ferry terminal at Queenscliff to improve ferry services crossing the heads of Port Phillip Bay.
More information is here.