The Geelong City Deal will inject $370 million of funding into Geelong and the broader Great Ocean Road region.
The deal will include major projects like the upgrade of the Apollo Bay Harbor, Point Grey Lorne and the development of a world class coastal walk.
Planning will now begin on a new 1000 seat waterfront convention and exhibition centre, with a project plan due by mid-2020.
The will also feature an initiative to support indigenous, local and social employment and procurement opportunities.
The deal also includes the delivery of priority tourism infrastructure projects along the Great Ocean Road and Shipwreck coast, the redevelopment of the Queenscliff Ferry Terminal and the expansion of Deakin University’s Geelong Future Economy Precinct.
Federal Minister for Population, Cities and Urban Infrastructure Alan Tudge said the City Deal would mean more tourists and more jobs.
“Earlier this year, we outlined our promises to rebuild the tourism infrastructure in this iconic part of the world; today, we commit to the Implementation Plan to make it happen,” Mr. Tudge said.
Victorian Minister for Regional Development Jaclyn Symes said all three levels of government were committed to achieving a shared vision for Geelong over the next 10 years through the City Deal.
“Revitalisation of central Geelong and the city’s waterfront under the City Deal will improve access, support tourism and enhance community activities and major events.”
Mayor of Greater Geelong Bruce Harwood said with sound plans in place, a number of important infrastructure initiatives can become a reality.
“This is an exciting time for the Greater Geelong region with projects under the Deal set to create employment opportunities for our growing community and attract more tourists to our clever and creative region,” Mr. Harwood said.