The landmark building, constructed in 1860 when the Victorian Railways first reached the Murray River, played a key role in shaping Echuca into a thriving river port and transport hub.
The railway built the port that made Echuca the vibrant hub it became through river trade and its access to Melbourne.
Loco Shed Echuca Inc president Dick Phillips said significant groundwork had already been completed, with planning permits secured and early funding helping prepare the project for its next stage.
“We’re essentially shovel-ready once the major funding comes through,” he said.
A Victorian Government grant secured two years ago supported planning work needed to position the project for larger investment, with about $10 million required to move into construction.
Once under way, the restoration is expected to take about two and a half years.
The vision for the site includes a sound and light show, a museum and a café, aimed at bringing the historic space back to life while preserving its heritage.
Mr Phillips said the loco shed held deep significance for the region.
“It’s at the very heart of our local history,” he said.
He said the building had long been recognised as one of the most striking in the region.
“Everyone in Echuca-Moama knows the shed, and you can’t help but see it as one of the most spectacular buildings we have, so we need to ensure its future,” he said.
The project has been in the works for about 42 years, with heritage listing playing a key role in protecting the structure from demolition.
“It’s taken a long time, but a lot of people have been involved over the years to get it to this point,” Mr Phillips said.
A presentation will be held on June 10 for local state and federal government representatives, showcasing the project’s progress and future plans as the group continues to seek funding support.