Work continues on the $12 billion Metro Tunnel project with significant construction and excavation underway. Once completed in 2025, the tunnel will improve connectivity and transport options for Port Phillip residents, easing congestion and enhancing accessibility to the CBD.
Over the past 12 months, the council has injected $71.2 million to maintain, grow and improve community services and infrastructure. This includes $48.2 million of capital investment in roads and footpaths, parks and sporting facilities.
The municipality’s thriving cafe culture has received a $1 million boost to footpath trading to enhance the al fresco dining scene. In the coming months, $17 million will be set aside for further improvements at South Melbourne Market, while the restoration of the historic South Melbourne Town Hall is expected to be completed next year, returning the heritage building to its former glory as a focal point for community gatherings and events.
The Australian Grand Prix continues to be a boon to local businesses, drawing record crowds of close to 450,000 this year. The four-day event has been confirmed to be held at Albert Park until 2035.
The council has also allocated an additional $9 million towards the development of the Fishermans Bend precinct, a transformative project converting the former General Motors Holden site into a dynamic hub for innovation and employment. Once complete, this urban renewal precinct, spanning 480 hectares, will redefine the landscape and contribute significantly to the area’s economic growth and liveliness.