Main works have started on the first stage of the Fishermans Bend project, Australia’s largest urban renewal project, comprising of five precincts.
The Port Melbourne project extends across 480 hectares and will link the city’s CBD with Port Phillip Bay.
Main works on Stage One of the Innovation Precinct, the former GMH site, include the establishment of an east-west connection through the site by linking Salmon Street and Todd Road.
They also include the creation of public realm and open space and unlocking development-ready sites for related industry investment.
Early works on Stage One were completed in 2024. These included demolition of vacant plant and equipment, site remediation works, service relocations and early civil works to prepare the land for the future construction of the Stage One roads and new public park.
The $179.4 million Stage One is being delivered by Development Victoria and the Department of Transport and Planning (DTP).
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Last year, the state government endorsed a preferred route for a possible future rail tunnel through Fishermans Bend and Docklands, and planning work has started for a future tram connection.
The transformation of Fishermans Bend is guided by the Fishermans Bend Framework, a plan for parks, schools, roads, transport and community facilities and services to ensure liveability as the precinct grows over the next 30 years.
The Framework is supported by a suite of evidence-based research reports, strategies and plans and its development benefited from more than 12 months of engagement with community and other stakeholders.
It is expected that by 2050, it will be home to approximately 80,000 residents and provide employment for up to 80,000 people.
For more information, visit: www.vic.gov.au/
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