- Date:
- 18 Dec 2025
By the 2050s, Melbourne is expected to be a city of 9 million people. And the SRL will deliver the new transport connections and housing choices we need to make sure Melbourne remains a thriving and liveable city.
The SRL will slash travel times, take 600,000 cars off the road and create new public transport links to major universities and health precincts.
But importantly, it will also increase housing supply.
As Australia’s largest housing project, it will help deliver thousands of new homes in our middle suburbs – giving more young people the chance to own their own home, and making sure our kids and grandkids don’t have to move away from the communities they grew up in and love.
The SRL precincts are being carefully planned to make sure they have the right mix of housing choices – townhouses, apartments and more – as well as green, open space.
SRL is a plan that will come to life over decades.
And this funding plan reflects that generational impact.
Building for our future
Victoria’s Housing Statement: The Decade Ahead 2024-2034 lays out a plan to tackle the root cause of the housing crisis – supply.
Value capture: a global funding approach
Value capture has been used successfully to help fund major infrastructure projects across Australia and around the world.
Using value capture to fund SRL
The SRL East will be funded from 3 sources.
Frequently Asked Questions
Frequently Asked Questions on delivering the Suburban Rail Loop.
Updated