business incentives: Hazelwood assistance package:$20 million for establishment of Latrobe Valley Authority$22 million for support, retraining, counselling for workers$50 million for business incentives$174 million for infrastructure projects The brown coal plant will be shut at the end of March next year putting hundreds of people out of work after the French owner, ENGIE, said the 1,600 megawatt power station was deemed no longer economically viable, according to Australian Broadcasting Corporation. About 250 workers would remain at the power station between 2017 and 2023 to manage the site rehabilitation. Related Story: 'Heartbreaking' Hazelwood closure to leave hundreds jobless Related Story: Hazelwood closure means costs will go up, Energy Minister says Map: Morwell 3840 The Victorian Government is establishing a special "economic growth zone" funded by an additional $224 million to help the Latrobe Valley in the wake of the announcement of the closure of the Hazelwood power station. Victorian Treasurer Tim Pallas said the funding for the new growth zone was part of a $266 million package to create jobs and grow local businesses. The package would include $50 million for infrastructure projects, some of which were ready to go. "This will target new local projects which could include road and rail upgrades, school upgrades, health facilities," Mr Pallas said. Tax breaks, infrastructure funding The State Government had already announced $42 million in assistance for workers and the region, that will go towards the creation of a Latrobe Valley Authority and specific job help for workers.
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