Geelong

Memorandum of Understanding

On 17 January 2018, the former Prime Minister, the Hon Malcolm Turnbull MP, and the Acting Premier of Victoria signed a Memorandum of Understanding, committing to work together on City Deals.

Geelong City Deal

The Geelong City Deal is a 10 year plan to revitalise Geelong and unlock the potential of the Great Ocean Road visitor economy. The Australian and Victorian Governments, together with the City of Greater Geelong, will deliver $370 million in investment to the region, supporting Geelong’s continued economic diversification, growth of the visitor economy and a thriving city centre. 

Key commitments

The Geelong City Deal will deliver:  

Geelong Convention and Exhibition Centre

The Australian and Victorian Governments are investing $171.2 million in a new Convention and Exhibition Centre in the city centre. The City of Greater Geelong is investing $3 million towards public realm improvements around the Convention and Exhibition Centre. The feasibility of a new hotel, retail, restaurants and other commercial offerings will also be explored. The Convention Centre and surrounding precinct will attract visitors from across the country and overseas, and position Geelong as a global and national competitor for business events.

$174.2 million

Revitalising Central Geelong Action Plan

The Australian and Victorian Governments are investing $27.85 million, alongside an investment of $10.28 million from the City of Greater Geelong, to deliver a range of projects to revitalise public spaces in central Geelong. This investment will support a vibrant Geelong city centre that attracts visitors, residents and businesses, boosting the visitor economy, and creating opportunities for new investment and jobs.

$38.13 million

Geelong Waterfront Safe Harbour project

The Australian Government is investing $3.5 million in the Geelong Waterfront Safe Harbour project, building on existing investments of $2 million from the Australian Government, $7.5 million from the Victorian Government and $3 million from the City of Greater Geelong. This will transform and activate the entire precinct, improving connectivity and public access to the waterfront, supporting tourism and community activities, ensuring year round visitation to the waterfront, and providing support for major events that contribute to the local economy.

$3.5 million

Shipwreck Coast Master Plan

The Australian and Victorian Governments are jointly investing $108.15 million to deliver priority projects under Stage Two of the Shipwreck Coast Master Plan.

$108.15 million

Great Ocean Road Infrastructure Projects

The Australian Government is investing $27.5 million to a range of other projects along the Great Ocean Road, to better accommodate tourists and reduce impacts of increased visitation on the local community.

$27.5 million

Deakin University Future Economy Precinct

The Australian and Victorian Governments are investing $7.6 million in the expansion of Deakin University’s Future Economy Precinct at the Waurn Ponds campus. The investment will drive the growth of emerging advanced industries building on the University’s strengths in advanced manufacturing, biotech, renewable energy, robotics and high value agriculture. New road capacity will also improve pedestrian safety on the campus.

$7.6 million

Queenscliff Ferry Terminal

The Australian Government is investing $10 million in the construction of a new ferry terminal at Queenscliff to improve ferry services crossing the heads of Port Phillip Bay. The project will deliver modern facilities, improved access, and new opportunities for retail developments, boosting passenger numbers and creating new opportunities in the local economy.

$10 million

Smart Cities

The City of Greater Geelong is investing $900,000 towards smart parking activities and $250,000 towards other smart cities initiatives, to deliver a range of projects using smart technology and data to provide greater public value and improved service delivery.

 

$1.15 million

Next steps

All three levels of government will jointly prepare an Implementation Plan by late-2019, which will set out key milestones for projects, timeframes and who will be responsible. 

Implementation Plan released
late-2019
Annual Progress Report
March 2020
End of City Deal
2029