– $150 million for Stage Two of the Shipwreck Coast Masterplan
– $200 million to expand the Regional Tourism Infrastructure Fund (RTIF)
Currently, just 7 cents of every dollar spent by an international tourist in the state is spent in regional Victoria.
Building world-class, nature-based ventures are crucial to Victoria’s global positioning and highlight our state’s natural assets – a key expectation of today’s global travellers.
The Great Ocean Road is Victoria’s single biggest tourism attraction and the central feature of the Shipwreck Coast Masterplan – our campaign’s number one infrastructure priority. The Masterplan is a visionary program that will deliver $254 million in annual spending and create over 3,800 Victorian jobs. The project will reposition the Shipwreck Coast as a world-class tourism destination, and capitalise on the economic opportunity presented by the five million tourists who visit the region every year.
The Regional Tourism Infrastructure Fund (RTIF) was first introduced in 2016 and will deliver $101 million for upgrades to tourism landmarks and has encouraged tourism projects to be developed across regional Victoria. The Fund was successful in providing a pathway to accelerate delivery of regional Victoria’s high value tourism projects.
A competitive fund of this nature will provide an ongoing avenue to support projects at various stages of maturity and readiness for development. It will support a strong ongoing pipeline of regional projects and encourage private sector innovation and investment to create the compelling experiences needed in regional Victoria. VTIC is seeking for the Fund to be expanded to include the Mornington Peninsula and Yarra Rangers, ensuring that all regions beyond Melbourne are supported to deliver job-creating tourism projects.
VTIC is now calling for the next iteration of RTIF to support the development of job-creating infrastructure projects, providing visitors with compelling reasons to visit regional Victoria, stay longer and spend more.
– $43 million to support the Sovereign Hill Beyond 50 Project
– $28 million to implement Phase One of the Puffing Billy Masterplan
– $150 million to support the Geelong Convention Centre project
– $3 million for the Four Iconic Walks of Victoria (including the Falls to Hotham Alpine Crossing and Coastal Wilderness Walk Masterplans)
Funding key projects beyond metropolitan Melbourne will provide visitors with more reasons to visit regional Victoria, stay longer and spend more. The Sovereign Hill, Puffing Billy and the Geelong Convention Centre projects are critical assets to the success of the state-wide visitor economy and ensuring regional Victoria is at the forefront of tourism activity.
The Sovereign Hill Beyond 50 Project will deliver new infrastructure and attractions to enhance the visitor experience at Victoria’s treasured tourism icon, which contributes over $260 million to the economy and supports over 1,600 direct and indirect jobs.
Puffing Billy Railway is a cultural icon that generates $10 million for the Victorian economy each year. The Puffing Billy Railway Masterplan will ensure the heritage of the railway’s future by upgrading infrastructure and providing new high-quality services that transform the visitor experience, invite return visits, and increase overnight stays in the region.
The Geelong Convention and Exhibition Centre will position the region as a sought-after destination for business events, enhancing Victoria’s reputation as a global and national competitor for the events market. The project will deliver an economic impact of $350 million during construction, an annual $50 million boost to the regional economy, create 600 jobs during construction and 270 ongoing jobs.
Completion of the Four Iconic Walks of Victoria strategy will create engaging and immersive experience that allow visitors to have an up-close connection with Victoria’s incredible natural beauty.