The decision followed a meeting between Racing Victoria and the Department of Primary Industries after a report on the EI situation in NSW and Queensland.

The DPI reported there had not been any new infections reported, and that there was a "high degree of confidence" the infection had been contained.

RVL CEO Stephen Allanson said that as result of the DPI report, all biosecurity measures at all Victorian race meetings would be removed.

Cranbourne Racing Club CEO Neil Bainbridge said the security measures had cost the club up to $25,000 since the initial EI outbreak in September.

"The fences and barriers will be pulled down immediately which will allow the public to again get close to the horses - and those who own and run horses will be able to have contact with jockeys and trainers again.

"It [the lifting of the security] will also save us money at an operational level. The cost to the club to implement the EI measures was about $25,000.

"In a lot of the restricted areas, we had to provide additional facilities for trainers and strappers and other industry participants to have access to a meal and something to drink."

Mr Bainbridge said the club had suffered about a 10 per cent drop in on-course betting, and a drop in crowds during the EI outbreak.

"Betting across the industry was down no question; we would have been down by at least 10 per cent.

"We were adversely affected in that during September, when it was apparent that EI was going to be here for some time, there was a great deal of uncertainty as to whether the spring carnival would proceed.

"The club held one of the first signature events for country racing in the spring carnival [the Cranbourne Cup] and the level of uncertainty had an impact. The crowd was down on Cranbourne Cup Day compared with last year."

While restrictions on the movement of horses between the states remains in force, the DPIs in NSW and Queensland will conduct a testing program in the next two months to determine when the bans can be modified.

Despite the lifting of the security, trainers and owners have been notified of a range of ongoing measures they will still be be required to perform in the daily training and caring of their horses to help Victoria be EI free.

The Cranbourne Racing Club will hold its first EI security-free meeting next Wednesday.