Victorian Premier Denis Napthine described the project as being of "massive" significance. "It will also protect thousands of existing jobs and cement the Port of Melbourne's position as Australia's busiest container port, and ensure Victoria remains the nation's freight and logistics capital."

Work on the project will include:

*Reconfiguration and redevelopment of Webb Dock with the aim of returning it to its original role as an international container handling facility and expanding its handling capacity to at least one million containers a year.

*Creation of a state-of-the-art automotive facility on the western side of Webb Dock with a capacity to handle 600,000 vehicles annually.

*Direct road connections from Webb Dock to the M1 Westgate Freeway.

*Reconfiguration of external road linkages at Swanston Dock.

*Work on nearby parks and buffers, including minor modifications to Pearce White Reserve in Port Melbourne and Westgate Park adjoining the Webb Dock precinct, as well as improvements to other buffer zones, including those along Todd Road and the Webb Dock perimeter.

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