The project includes upgrades to The Royal Melbourne Hospital and the Royal Women’s Hospital, along with the construction of a new Arden medical precinct, with all connected by a new train line.
It will begin with a $5bn to $6bn upgrade and expansion of hospitals which will provide over 1,800 beds and treatment spaces.
Initially, the Victorian government will make $2bn to $2.5bn investment to commence the project.
This 12-year project involves establishment of a new medical precinct, which will be the suburb of Arden in the future as well as the new campuses of both hospitals.
The Arden campuses will provide outpatient treatment, rehabilitation, low-risk women’s healthcare services, elective surgery, and clinical trials.
In Parkville, the redeveloped hospitals will focus on trauma, emergency, and acute care.
The initial investment from the government will be used for the first stage works, and to provide the first hospital tower in the Arden precinct.
The new hospital will create over 400 beds as well as treatment spaces.
The next stage of the project involves reconstruction and expansion of the hospital buildings located at Parkville. It involves upgrades for RMH and the Women’s hospitals.
Premier Daniel Andrews said: “These hospitals belong to us all – they care for some of the sickest and most seriously hurt patients and Victorians are rightly proud of them, but they’re outgrowing their current sites.
“We’re starting the biggest health infrastructure project in our nation’s history, growing our healthcare workforce and giving workers more training and research opportunities than ever before – proving that good governments can do more than one thing at a time.”