$ 12 million increase in public space in the City of Melbourne's latest budget

Two new open spaces will be developed by the City of Melbourne - one in the CBD, the other in Southbank - with $ 12 million allocated in the latest budget.

Elizabeth Street between Flinders Street and Flinders Lane will be transformed into a pedestrian boulevard with $ 1.5 million in allocated funds. The Commission's data reveal that more than 9,300 pedestrians use the zone between 8 am and 9 am compared to only 73 motor vehicles heading south.

Proposals will be presented for community consultations in June, before work begins.

The Council's draft budget for 2017-18 allocated $ 11 million for the first phase of the $ 35 million Southbank Boulevard project to create 2.5 hectares of public space in the most densely populated suburb Of Melbourne, Southbank.

The board has additional plans to redesign an area near the Victorian College of the Arts to better respond to street performances and public events. The city will also see new bike paths and outdoor playground equipment. A considerable amount of street planting will be incorporated to regulate the temperature of the area.

The City of Melbourne's draft annual City of Melbourne plan and budget provides for a record investment in infrastructure and services with total budgetary expenditures for capital works, programs and services in 2017-18, or $ 557 million. This investment, according to City of Melbourne, will help provide key services needed in Melbourne as one of the nation's most dynamic cities.

The proposed budget includes an allocation of $ 29 million for the redevelopment of the Queen Victoria market; $ 10.4 million for the renewal of roads and hiking trails; $ 8.57 million for parks renewal and tree planting; And $ 5 million for the deployment of LED streetlights among others