The age at which Victorians can get their driver’s licence would be lowered to 17 if the coalition wins the upcoming state election.

Currently only those 18 and older can get their probationary licence in Victoria. The change would bring road rules into line with other states.

The licence shake-up would particularly help young Victorians in regional areas get to work and school, says Liberal leader Matthew Guy.

“It gives Victorian kids the opportunity to have the same chances as every other 17-year-old in Australia,” Mr Guy told reporters in Wodonga.

Drivers would still need 120 hours of experience as a learner driver. The change would come into effect from January 2024.

On Thursday Labor announced a $22.2 million funding increase to LGBTQI pride events, community organisations and health services if it is re-elected.

The money would go towards festivals, community radio stations, a pilot program to address the needs of ageing members of the LGBTQI community, and an inclusive workplace program.

The new promises came as Victoria’s major parties were set to release the costings for their election pledges two days out from polling day.

Treasurer Tim Pallas will provide an update about 1pm (AEDT) on Thursday.

So far Labor has made $12 billion worth of commitments, while the Liberals and Nationals have pledged $28 billion, according to the Parliamentary Budget Office.

The Victorian Greens announced $37 billion worth of promises over the campaign.

Labor committed to upgrade at least seven hospitals, including a new Maroondah Hospital for $1.05 billion, and earmarked $855 million to renovate the Northern Hospital.

Other major pledges include a $1 billion regional rail package, and $1 billion on renewable energy projects overseen by a public-owned state electricity commission.

The coalition’s major promises include $2.4 billion to upgrade The Alfred, and a $1 billion clean hydrogen strategy.

It has vowed to scrap stage one of the $35 billion Suburban Rail Loop and redirect the money towards health instead.

Victoria has allocated $85.3 billion to major projects over four years, which is almost 23 per cent of total government expenditure, according to Infrastructure Partnerships Australia.

Premier Daniel Andrews said the Liberals’ plan to shelve the Suburban Rail Loop to redirect funding to the health system was not viable.

“What will soon be Australia’s biggest city will be choked with traffic. That is not an answer,” Mr Andrews told reporters on Thursday, flanked by tradies, nurses and early-childhood workers.

Labor has refused to provide an updated estimate on the full cost for all three stages of the 90km orbital rail loop after indicating in 2018 that it would cost up to $50 billion.

Meanwhile, a new Roy Morgan poll is predicting Labor will form government on Saturday night, but with a reduced majority.

The snap SMS poll released on Wednesday night predicts a 2.3 per cent swing away from Labor, but the party still leads the coalition on the two-party preferred vote, 38 per cent to 32.5 per cent.

RedBridge analysis of recent polls shows Labor is likely to win between 41 and 48 seats, with a minority government of 43 seats a strong possibility.

The coalition could win back the seats of Bayswater, Ripon, Ashwood and Box Hill, RedBridge director Kos Samaras told AAP.

The Greens could also pick up the Labor-held seat of Richmond.

“There’s still a possibility (Labor) could form a majority government, but minority government is now a much higher probability than it was at the beginning of the campaign,” Mr Samaras said.

– AAP