VIC rail improvements to spur investment activity

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The Government of Regional Victoria recently announced that it is allocating $100 million for detailed planning for an improved regional railway network, untangling rail, and supporting jobs and economic activity, especially in the West. This move was positively received by The Property Council of Australia, knowing that it will help in bringing more investments into the state moving forward.

“We applaud the Government’s commitment to an evidence based plan for enhancing regional Victoria and spreading prosperity across the State,” said the Property Council.

The group is also hoping that industry players will be given the opportunity to work hand in hand in hand with the government. “We would urge an Andrews Government, if re-elected, to engage with industry to ensure opportunities for place making are maximised, with vibrant places where people can live, work and play, and have a real sense of belonging to their community.”

Leadership from all levels of government and the private sector Melbourne is essential as this can also be a key factor in maintaining high liveability, as well as inviting global investment and talent to Melbourne, one of Australia’s major capital cities.

“With private sector help, we hope the next Government can bring forward the start date for these ambitious projects.”

The same practice is also expected to work for the innovative proposal by Melbourne Airport, Metro Trains, Southern Cross station and IFM Investors. The latter proactively drives the Airport Rail Link to start as soon as 2020.

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