The Victorian Government has allocated up to $210m to expand the Melbourne Convention & Exhibition Centre.

The 2015-16 Victorian Budget includes provision for Stage Two of the MCEC which is expected to cost between $190-210 million and will create hundreds of jobs. The significant expansion will ensure Victoria will still boast Australia’s largest convention and exhibition space.

The project will add thousands of square metres of new exhibition space, more multi-purpose space, and links to the existing Melbourne Exhibition Centre and Melbourne Convention Centre.

The government says the completion of Stage Two will result in an additional 74,000 international visitors annually.

Minister for Tourism and Major Events, John Eren, said upgrading the Melbourne Convention and Exhibition Centre means more floor space, more corporate conventions, more overseas visitors and more jobs for Victoria.

“Major events keep our hotels full, our bars buzzing and our economy strong,” he said.

“No-one does events quite like Victoria, but we can’t be complacent. We have to work hard to stay number one.”