201505.22

Redevelopment of Norlane Community Centre to bring $91.5 million to regional economy

Friday 22 May 2015:

Joint media release with Deputy Prime Minister/ Minister for Infrastructure and Regional Development and Assistant Minister for Infrastructure and Regional Development:

The redevelopment of Norlane Community Centre will bring $91.5 million to the Victorian regional economy which will significantly benefit small businesses, the Minister for Small Business Bruce Billson announced today during a visit to Geelong.

“Small businesses are the beating heart of the Australian economy and this project will mean greater consumption of local goods and services and the stimulation of regional business growth,” Minister Billson said during a Geelong Chamber of Commerce lunch organised by Member for Corangamite Sarah Henderson.

“The project will return $91.5 million to the regional economy over its duration.

“It will enable the region to reach its full economic potential, which is why I am looking forward to the completion of the centre in June 2019.”

The Australian Government is contributing $7.25 million under the National Stronger Regions Fund to the $40.5 million project, which was announced as part of this year’s Budget.

Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the redevelopment of the space would also bring jobs to the local region.

“This project will create almost 200 jobs during construction and post construction, and provide a new facility capable of servicing the needs of the region,” Mr Truss said.

“The National Stronger Regions Fund is designed to enhance economic growth in disadvantaged communities through Australian Government investment of $1 billion over five years in local projects.”

Assistant Minister for Infrastructure and Regional Development Jamie Briggs said the infrastructure would drive economic growth while addressing some of the significant challenges facing the region.

“This project will deliver a residential complex capable of housing 55 families,” Mr Briggs said.

“It will also support the needs of an ageing population through the establishment of a 90 bed aged care facility, along with a modern health services facility to support residents, including the elderly.

“The Australian Government is committed to strengthening regions across Australia by investing in projects to build or upgrade vital infrastructure.” Mr Briggs said.

Further information on the National Stronger Regions Fund, which includes the application process is available at www.infrastructure.gov.au

ENDS