Transport Infrastructure Investment Announced in Melbourne

Owners of real estate in Melbourne are set to benefit from new transport infrastructure developments slated for the Docklands.

This is according to Victoria planning minister Matthew Guy, who highlighted the advantages for both local residents and businesses.

Mr Guy today (April 29) gave the green light to $36 million worth of investment, with a $20 million extension of the Collins Street tramline a central part of the wider Access Docklands project.

"Docklands is the biggest government-private sector partnership in Victoria's history and has attracted more than $8.5 billion of private sector investment to the precinct," he explained.

"Access Docklands will ensure the right transport infrastructure is available for more than 60,000 employees and 20,000 residents who will call Docklands home by 2025."

The $36 million of funding will also go towards additional capacity on Bourke Street and Batmans Hill Drive; better pedestrian and cyclist connections to the CBD, Footscray and Northbank; as well as providing nearly one-third more vehicle capacity during peak traffic times.

The proposals were finalised following an 18-month consultation period with local commercial real estate owners, residents, employees and government organisations.

Lord mayor Robert Doyle stated the Access Docklands project integrates with Melbourne's wider infrastructure hopes, such as the Melbourne Transport Plan.