The Victorian Government has announced it will invest $12.7 million in a new resources regulator to keep the cost of raw materials down for the state’s infrastructure projects.
The Regulator will aim to simplify regulatory procedures and provide an upgraded online application system to make it quicker and easier to extract raw materials.
It will also aim to identify the best areas for raw materials, with a new geotechnical engineer, risk specialist, and community engagement officers to work with local communities and governments.
As the cost of raw materials is a significant part of major project’s budget, The Victorian Government’s investment aims to ensure the state can continue accessing raw materials.
State Treasurer and Minister for Resources Tim Pallas said the state’s investment in infrastructure is creating jobs, but also demand for raw materials.
“It means we need a ready supply of resources as Victoria grows,” Mr Pallas said.
“Doing nothing is not an option – we need to continue our progress, rolling out the biggest infrastructure pipeline in our state’s history.”
“This investment will help keep the cost of raw materials down, as we build Victoria and grow Victorian jobs.”