THE Geelong Ring Road could drive a new era in economic growth by providing access to a 500-hectare industrial zone in the city’s north.
The ring road forms the southern boundary of the new industrial estate, dubbed the Geelong Ring Road Employment Precinct. The first stage of building is only weeks from completion.
About a third of the industrial estate is in use, but the remaining two-thirds are undeveloped.
Investment from Melbourne is clearly in the sights of the City of Greater Geelong, which owns half the empty area and is driving the project.
”The purchase price of the land and the rates will be cheaper than in Melbourne,” the city’s chief executive, Stephen Griffin, told BusinessDay.
The precinct ”will have access to road, rail, sea and air”, said deputy mayor Cr Cameron Granger, whose portfolio includes rural and regional affairs.
Source: The Age, http://www.theage.com.au/victoria/a-ring-of-confidence-20110405-1d2v7.html
