Victorian Premier Daniel Andrews on Monday announced the state government would provide $2.7 billion to fund new projects and upgrades across the state.

Mr Andrews said the new developments would create more than 3700 jobs.

About $1.18 billion of the state government funding would go towards building new school infrastructure across Victoria.

East Loddon P-12 College has received $4.05 million from the state government's funding blitz.

The funding is in addition to the $450,000 allocated in the 2019/20 state budget.

Read more: Funding to aid industry but tourism chair calls for local support

East Loddon P-12 principal Steven Leed said the money would go towards a new multipurpose centre, canteen, library, and staff rooms.

"We're just extremely excited," Mr Leed said. "This is something that doesn't happen often.

"It will mean a lot to the students and community. It will mean that the facility will match the amazing achievements happening internally."

Mr Leed said the school had been planning for the upgrades for several months after the state government pledged, but did not commit to, the $4 million in funding.

"We have worked at it for a long time so it is great to see it come to fruition," he said.

Mr Leed said the building work was due to start in November this year.

The state government also announced $3.75 million in funding for the Bendigo Botanic Gardens.

City of Greater Bendigo coordinator for public space design, Aaron Lindsay, said the funding would go towards the construction of the central hub precinct.

The hub will be the entrance to the gardens and will feature a visitor information centre, a cafe, and space for community meetings or functions. The hub will be surrounded by a hectare of landscape botanic gardens.

"This is a significant contribution from the state government, which we welcome," Mr Lindsay said.

"It will allow us to commence the implementation of the project a lot earlier than originally planned."

Read more: Bendigo Botanic Gardens cafe, visitor centre and landscape vision released

Mr Lindsay said it was great that such an investment had been made during the COVID-19 pandemic.

"It's very positive," he said. "What's really interesting for us is that during this pandemic, we have noticed a significant increase in the use of our public open spaces like walking trails, parks, and gardens.

"The Botanic Gardens has seen a dramatic increase in usage as a result of the COVID-19 restrictions.

"This funding is a really good acknowledgement from the state government of how important it is to continue to invest in public open space infrastructure, particularly in times of crisis.

"It provides a really important space for community respite and recreation."

A further $5.3 million has been allocated to improve infrastructure and street design in Maldon and Pyramid Hill.

Maryborough's annual Energy Breakthrough competition will also receive $1.5 million in funding.

Central Goldfields Shire community wellbeing general manager Martin Collins said the money would help enhance the experience for participants and spectators.

"A lot of the funding will go towards infrastructure, the camping grounds, and the area where people congregate to watch," Mr Collins said.

"It will create more permanent and sustainable structures that we can use during the festival, but also throughout the year for other activities."

The event attracts about 20,000 people to Maryborough each year.

Mr Collins said Energy Breakthough, which was in its 30th year, had fostered strong learning opportunities for students studying science, technology, engineering, and maths.

"It really is at the forefront of STEM as a key element of supporting students' learning," he said. "We can use this festival as an opportunity to showcase cutting edge technology around the region.

"It really shows that regional Victoria can be at the forefront of technology and science."

Mr Collins said the funding would only improve the event for many years to come.

Read more: Energy Breakthrough 2019: Girton Grammar, White Hills Primary take out honours | Photos

"It will help us to grow and continue to reinvent the festival from year to year," he said. "We were always committed to maintaining and sustaining the work.

"We have had some changes in sponsorship in the last few years, but we have always been in a position to run the festival.

"But now we're able to scale up and enhance the learning of participants and other visitors."

Mr Collins said the festival was scheduled to go ahead in November, although organisers would follow the advice of the chief health officer.

"We have a couple of options that we can potentially use," he said. "But at the moment we're all systems go to make sure we can celebrate our 30th anniversary."

The state government's funding blitz also includes $328 million for resurfacing and patching works on roads across the state.

There will also be about 300 kilometres of regional track improvements, repairs at more than 15 train stations, and more maintenance on trains.

The state government has also invested more than $100 million in upgrades to CFA and SES stations, disability accommodation, and mental health and aged care facilities across Victoria.

The state government could not confirm whether any of those upgrades would be in central Victoria.

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