Funding win for transport hub

Work is progressing towards the development of a freight and logistics hub in Beveridge – the Beveridge Intermodal Precinct – following a Federal Budget announcement.

Prime Minister Anthony Albanese recently visited the site to announce $750 million additional funding in the Federal Budget towards the delivery of the Camerons Lane Interchange.

This funding will facilitate the delivery of the Beveridge Intermodal Precinct as a major freight and logistics hub in Melbourne’s north.

The project will be developed in stages to balance operations, local infrastructure and longer-term master planning in and around the precinct.

The precinct is expected to contribute $2.5 billion to the Victorian economy each year and, when fully developed, generate 20,000 jobs in the north.

National Intermodal has asked the Minister for Planning to prepare a change to the planning scheme to help get the first stage under way.

This stage will start with the construction of a basic rail terminal and aims to be up and running in 2025.

The next phase of development will see the expansion of the terminal, the addition of warehousing, and supporting infrastructure. The goal is to have this operational by around 2028/29.

Chair Administrator Lydia Wilson said, “The north of Melbourne is home to more than one million people with the population forecast to grow to just under 1.5 million by 2036. This investment in an important foundational piece of the project and will ensure job creation both now and into the future.”

For further information visit Intermodal precincts webpage.