The Geelong City Deal Annual Progress Report has been released and provides details on the achievements to date and progress of all projects under the City Deal throughout 2019 and into 2020.
The Australian Government, Victorian Government and the City of Greater Geelong will deliver $370.23 million in government investment in delivering the projects under the 10-year Geelong City Deal.
Other key funding partners are investing an additional $12.25 million in the City Deal, bringing the total funding contribution to $382.48 million.
The vision for the City Deal focuses on three key themes:
- Revitalising Central Geelong and developing infrastructure to make Geelong an even better place to live, work and invest
- Supporting growth in the visitor economy through strengthening Geelong and the Great Ocean Road region as leading tourism destinations
- Driving continued economic diversification and jobs growth, supporting innovation and building on emerging strengths for Geelong and the Great Ocean Road region.
Key achievements for 2019–20 include:
- $8.7 million on the Gheringhap Street Drain
- $1 million improving accessibility in Central Geelong
- $3.5 million for staged works at Geelong Waterfront Safe Harbour
- $11.5 million for infrastructure at Deakin University Future Economy Precinct
- $30 million for infrastructure on Great Ocean Road Infrastructure
- $15.9 million towards redevelopment of the Queenscliff Ferry Terminal
- $1.2 million for smart parking initiatives.
The Geelong City Deal Implementation Plan was released in October 2019 and set out the commitments and delivery milestones for more than 30 projects that sit under the City Deal.
Subsequent Progress Reports will provide updates on the delivery of key commitments and performance against agreed measures.
Projects under the City Deal are a critical investment that will help create jobs for the local community and provide a welcome economic boost as the region begins to recover from the COVID-19 pandemic.