Published on : Monday, May 30, 2016
The Victorian Government has just completed successful negotiations with Plenary Group which will see the $200 million project become a reality.
The project will add nearly 20,000 square meters of flexible, multi-purpose event space, including 9,000 square metres of new exhibition halls, and additional meeting and banquet rooms. It will be fully connected and integrated with the existing Melbourne Convention and Exhibition Centre.
Once completed, the additional space is anticipated to generate an additional 74,000 international visitors annually, who spend an average $693 each day while in Melbourne, resulting in an annual $167 million boost to the region’s economy.
“Victoria is the national leader when it comes to major business events, this expansion will help keep our hotels full, our restaurants and bars buzzing and our economy strong,” Victoria’s Acting Premier James Merlino said in a statement.
The construction of the expanded facility and hotel and car park will create an additional 700 jobs. Once construction is complete, the expanded precinct will add over 800 ongoing jobs to the economy.