The Bannockburn Industrial Estate is set to expand, as work continues on its stormwater infrastructure project.
A new retarding basin and drainage pipe network is under construction on the land currently owned by Josco Pty Ltd to the south of the existing business park.
Once the stormwater infrastructure is constructed, more than 21 hectares of land will be made available for development at the estate on Holder Road, which currently has 35 lots across 12 hectares. Land in the light industrial precinct has previously been in demand, however expansion had not been possible due to the lack of drainage infrastructure to service the adjoining land.
It is hoping the stormwater solution will help spur business growth and encourage private sector investment within the 268.5 hectares of undeveloped land, as identified in the Bannockburn Growth Plan.
Implementation of the Bannockburn Growth Plan is an element of the G21 Regional Growth Areas Priority Project.
Funding for the $3.1 million infrastructure project comes from a $2 million State Government grant and an extra $1.1 million from Josco Pty Ltd.
