Ahead of the Curve – Re-elected Labour Government to Continue Infrastructure Boom in Victoria

26 November 2018

Over the weekend the first-term incumbent Labor government, led by Premier Daniel Andrews, successfully won a second four-year term in government, defeating the Liberal/National Coalition, led by opposition leader Matthew Guy. Minor party the Greens also contested the election and sought to increase their share of seats in both the lower and upper houses.

A huge Labor majority is assured with 51 seats already won, while the coalition has 24, the Greens one and one independent, in Shepparton.

Labor has promised to borrow big to pay for a swag of pledges that it promises will shape Victoria for future generations. It’s spending $1.5 billion on a new hospital in Footscray, which will be finished by 2025. Meanwhile Frankston Hospital will get a $526-million upgrade, and hundreds of millions will also be splashed on hospitals in Morwell and Maryborough. $200 million will also be used for 1,000 new public housing properties. The North East Link is also on the agenda, which will connect the Eastern Freeway and the M80 Ring Road at Greensborough. The Government is promising to put that project out to tender within the next 100 days. Works will also continue on major transport projects such as the $11 billion Metro Tunnel, as will upgrades to the M80 Ring Road and the West Gate Tunnel project.

This is all good news for Victorians overall, with the infrastructure boom generating thousands of new jobs and make space for more population growth in the coming years.


By Lee Xie (Senior Project Manager)

We’d love to hear your opinion and continue the discussion. Please contact lee@firstchoicebb.com.au or 0405 459 528 to discuss.


DISCLAIMER – Any financial information within this email has been compiled by First Choice Business Brokers to provide broad general information about business opportunities and the state of the market. First Choice Business Brokers makes no representations or warranties in relation to the financial information in this email. For purchasers looking to buy, we strongly recommend that you carry out your own investigation or consult a qualified accountant before making a purchase.


Copyright © 2018 by First Choice Business Brokers Pty Ltd. All rights reserved. No part of this publication may be reproduced in any form, by microfilm, xerography, electronically or otherwise, or incorporated into any information retrieval system, without the written permission of the copyright owner