Traralgon's Kosciuszko Street Primary School will receive $2.89 million to re-build a section of the school if Labor is re-elected on November 24.
Member for Eastern Victoria Harriet Shing and Labor candidate for Morwell Mark Richards visited the school on Friday to announce the election promise which involves the demolition of the school's block A buildings and replacing them with new, open-plan buildings.
Ms Shing said the school's facilities did "not match up" to the effort of staff and teachers "and the school students themselves".
"Heading beyond 300 students for next year it has been really important that we continue to invest in upgraded, modern, and fit-for-purpose facilities," she said.
"[This] will mean that we can not only remove asbestos but we can start to fix some of the really significant drainage and access issues, as well as ventilation, and provide students and staff with modern, open-plan learning facilities to bring the school into the 21st century and to make sure that the students that attend here have the very best possible opportunities to succeed and to realise their full potential."
Labor candidate for Morwell Mark Richards said the new facilities would be "up to standard".
"What I am really looking forward to is the removal of asbestos which has gone undealt with for a long time," he said.