community infrastructure: The package comprises a $174 million Community Infrastructure and Investment Fund for new local projects which could include road, rail, school and health upgrades and a $50 million economic growth zone, according to Nine News Australia. Premier Daniel Andrews has provided details of the Victorian state government support package in the wake of the Hazelwood power station closure. Premier Daniel Andrews revealed this morning the $266 million in support will be in addition to the $22 million promised yesterday to ease the economic burden of hundreds of workers who face an uncertain future after yesterday shut down announcement. The "economic growth zone" will cover three local government areas within the Latrobe Valley and includes provisions for stamp duty concessions for companies that want to grow or move into the region. Some 750 workers, including contractors, will be directly affected by the closure in an area where eight per cent of the population is already unemployed."If we look at unemployment over the long term - there are big challenges in the Latrobe Valley. The funds add to an existing $10 million economic facilitation fund to grow businesses and a $22 million support package for workers and businesses affected by the Hazelwood closure.
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Tagged under community infrastructure, package topics.