The City of Melbourne has released its business case for its Greenline Project – an urban renewal plan for the banks of the Yarra River, connecting Birrarung Marr park with the Bolte Bridge.
The council said the project is expected to deliver more than $740 million in net benefit to the city, with a triple return in investment, delivering $3 for every dollar invested, said Lord Mayor Sally Capp.
The riverside project will deliver four kilometres of uninterrupted promenade divided into four interconnected precincts: Birrarung Marr, The Falls, River Park, Maritime, and Saltwater Wharf.
Made from a network of meandering boardwalks and bridges, the project will celebrate local Aboriginal heritage while improving public amenity and river health, as well as increasing the tree canopy and reintroducing biodiversity.
Maritime Precinct.
According to the business case, the project is expected to cost $300 million, and so far council has allocated $140 million from the City of Melbourne’s Budget 2022-23. This includes a $20 million commitment from the federal government.
The Greenline Project is already a reduced vision of the 10-kilometre trail Capp proposed before her 2018 election. City of Melbourne councillors will consider the business case and vote whether or not to endorse it on Tuesday 6 September. The council will use the business case to seek additional funding for the project.
The delivery of the project will take place in stages, with works on the Birrarung Marr precinct to commence in 2023. The business case said that should a scalable option be required, it recommended that the section between the first two precincts – Birrarung Marr to The Falls – be completed.
Works are expected to kick off in 2023.
Source: Architecture - architectureau
