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Morwell’s Icon Industrial receives $1.9M to upgrade infrastructure, attract investment, create jobs and diversify the local economyMorwell’s Icon Industrial development has received a $1.9 million grant for road, sewer, water and drainage upgrades, supporting investment, job creation and economic diversification as the region transitions from traditional industries. By news@gippsland - 16th October 2026 - Back to News The Carroll Labor government is continuing to support Morwell as the community develops new opportunities to strengthen and diversify its local economy. Harriet Shing today announced a $1.9 million grant from the Trunk Infrastructure Fund for Homeington Building and Developments Pty Ltd to progress Icon Industrial. 
Funding will upgrade Princes Drive access, sewer, water and drainage infrastructure, supporting Icon Industrial growth, investment and regional economic diversification Industrial precinct fundingThe funding will support Homeington Building and Developments Pty Ltd with works to include construction of a signalised intersection and associated upgrades along Princes Drive in Morwell, at the entry to the Icon Industrial site. Additional key trunk infrastructure services include sewer, watermain and downstream drainage upgrades to Plough Creek. The development is supported by genuine market demand, with 26 lots pre-sold across various sectors and is well aligned with the Latrobe Valley’s broader economic diversification and transition away from traditional coal-fired power generation and associated industries, helping the community explore new opportunities for local businesses, jobs and economic development. Morwell economic transitionThe project will help Morwell build on its local strengths and better understand how Icon industrial could support the community and local economy into the future. This initiative forms part of locally led efforts to identify new economic opportunities and support communities following the end of native timber harvesting. Morwell is one of 10 regional industrial precincts receiving support to transition and implement new strategies in their local economy, supported by the Trunk Infrastructure Fund. For more information about the Fund, visit Regional Development Victoria website [ Find out more about the funding rdv.vic.gov.au ]. Regional infrastructure investmentMinister for Rural and Regional Development Michaela Settle said, "Labor’s $27.5 million Trunk Infrastructure Fund will deliver the infrastructure regional businesses need to invest, expand and create jobs through investments like water pipeline upgrades in Parwan." Member for Eastern Victoria Harriet Shing said, "As economic transition continues across the Valley, the multi-million dollar upgrades we are making to the site and the roads around it will enable new tenants to move in sooner - that’s good news for local jobs and for local businesses." Pictures from Google Images.
Source: http://gippsland.com/ Published by: news@gippsland.com
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