Memorandum of Understanding

On 17 January 2018, the former Prime Minister, the Hon Malcolm Turnbull MP, and the Acting Premier of Victoria signed a Memorandum of Understanding, committing to work together on City Deals.

Geelong City Deal

The Geelong City Deal is a 10 year plan to revitalise Geelong and unlock the potential of the Great Ocean Road visitor economy. The Australian and Victorian Governments, together with the City of Greater Geelong, will deliver $370 million in investment to the region, supporting Geelong’s continued economic diversification, growth of the visitor economy and a thriving city centre.

Next steps

All three levels of government have jointly released an Implementation Plan on 8 October 2019, which sets out key milestones for projects, timeframes and responsibilities.

The first Annual Progress Report will be released in the first half of 2020.

Timeline

• Geelong City Deal signed
  11 March 2019
• Implementation Plan released
• Annual Progress Report
• End of 10 years of Geelong City Deal
  2029