Victoria is equipped with major infrastructure assets. It’s home to the Port of Melbourne, Australia’s busiest container and automotive port, as well as the county’s busiest curfew-free airport.
As the capital Melbourne continues to grow so will infrastructure needs. By 2029, Melbourne is set to eclipse Sydney to become Australia’s biggest city. By 2056, it will be a global city, home to 9 million people. This growth means historic opportunities for businesses that can use world-class technology, expertise and design to transform Melbourne’s infrastructure for future generations.
To drive this transformation, the Victorian Government is offering premium support to investors. There’s A$109 billion in announced infrastructure projects and an A$80 billion pipeline of major works already secured for the coming decade.
Investing in the future of transport
Guided by the Victoria Infrastructure Plan and Infrastructure Victoria’s 30 year strategy, the most recent state budget builds on major transport network investments including:
- the A$2 billion Melbourne Intermodal Terminal to support existing and future rail services
- an A$1.5 billion investment in rolling stock
- A$986 million for 25 brand new X’Trapolis 2.0 trains
- A$367.5 million for Next Generation Trams infrastructure.
- Victoria’s rapidly growing transport network has already drawn innovators such as Tritium, Bosch, Investible, Cubic, Kapsch, Tempus Partners and Textron Systems to set up in the state.
Electric vehicle infrastructure is also expanding, driven by the push for zero emissions by 2050. Victoria is the first state in Australia to introduce the latest generation ultra-rapid EV charging stations capable of fully charging an EV with renewable energy in less than 15 minutes. RMIT University is also setting up an EV research facility that will be the first of its kind in the southern hemisphere.
Partner with world-class universities
Businesses can access cutting-edge research and development by partnering with Victoria’s [world-class universities][link to Victorian education ecosystem]. Victoria is home to more than 25 advanced manufacturing research centres and hubs that are connecting industry and researchers, including:
- the Australian Centre for Infrastructure Durability (ACID), which connects industry with leading researchers and facilities in Australia
- the Building 4.0 CRC, whose research supports industry to deliver better buildings and infrastructure at lower cost.
The first electric vehicle research facility of its kind in the southern hemisphere will be established at RMIT University in the heart of Melbourne’s CBD.
Incentives, grants and support
The government’s investment attraction agency, Invest Victoria, works with international companies seeking to enter the Australian market by identifying opportunities, providing assistance with business cases, and facilitating introductions to partners, suppliers, recruiters and government agencies.
Founded in 2001 by e-mobility pioneers, Melbourne-based Tritium designs and manufactures proprietary technology to create the world’s most advanced and reliable DC fast chargers for electric vehicles. Tritium has grown to become a leader in the global EV charger market, accounting for 20% of the charging market in Europe, 16% in the US, and 75% in Australia and New Zealand.