Suburban Rail Loop offering major benefits for Victorians and industry

The Suburban Rail Loop released its Business and Investment Case in August 2021 outlining how it will deliver more jobs, better services, and access to housing as Victoria continues to grow.

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The Suburban Rail Loop will transform the public transport network, open up a host of new social and economic opportunities for hundreds of thousands of Victorians by creating greater access to jobs, health services, education and affordable housing.

Key findings of the Business and Investment Case include:

  • Up to 23,900 local jobs supported across the Victorian economy during construction
  • Approximately 165,000 jobs developed closer to home in stations and precincts
  • 58.7 billion in economic, social and environment benefits to Victoria
  • Improving connections and opportunities for regional Victorians.

Further information is available via the Business Investment Case here.

Opportunities for business

The Suburban Rail Loop offers many opportunities for business throughout the project, with jobs created in construction and development and via the establishment of SRL Precincts, which will offer investment opportunities for businesses to establish themselves in these newly developed areas.  

A pipeline of jobs will be created across the economy helping to train the next generation of skilled Victorian workers. This will include opportunities for trainees, cadets and apprentices under the Victorian Government’s Major Projects Skills Guarantee.

How to participate

Projects

The Industry Capability Network (ICN) is helping maximise opportunities and local benefits as a result of this project. They already have an ICN Gateway link to the SRL project where they help maximise local industry and community opportunities (and encourage jobs) as a result of the project. 

Local industry can register interest now for future work packages (and also other projects such as Airport Rail).

Planning

Planning and stakeholder consultation for SRL East Precincts is well underway, and a number of initiatives and investments will be undertaken in parallel with construction of the SRL East rail line. Construction will start in 2022, with the twin tunnel line and six new underground stations to be operational by 2035.

In addition to ongoing engagement with the community and stakeholders, there will be opportunities for people to provide input as part of the formal assessment processes for both the transport infrastructure and precinct planning.

The Victorian Chamber has been advocating on behalf of business for opportunities to deliver early and major works.

If you would like to speak to the policy team about the Suburban Rail Loop, please email our policy team at policy@victorianchamber.com.au.

 

Member feedback is central to our advocacy activities.

Talk to us about your business challenges to inform policy, and form a stronger Victoria.