HISTORIC INFRASTRUCTURE PROGRAM FOR WESTERN SYDNEY IN NSW BUDGET
Property Council of Australia has welcomed the NSW Government’s ongoing commitment to transformative infrastructure in Western Sydney as part of the NSW 2020-21 Budget handed down today by NSW Treasurer Dominic Perrottet.
“This is a historic budget for Western Sydney,” said Ross Grove, the Property Council of Australia’s Western Sydney Regional Director.
“Our region will be the subject of two live rail projects, construction of a light rail, an airport-ready highway network and the continued roll-out of an ambitious social and cultural infrastructure program across the region.
“Infrastructure like the Western Sydney Airport Metro, the Sydney Metro West and Parramatta Light Rail Stage 1 unlocks new corridors of growth and enables the faster movement of more people across key destinations in our region.
“There is no doubt the Airport will deliver jobs and international connectivity for Western Sydney, but it’s the activation of land surrounding the airport that will really create a future for local jobs and investment.
“While much of the infrastructure spend relates to the construction of a new Western Sydney Aerotropolis, the government also deserves credit for also identifying more immediate projects with the potential to support regional growth such as the Prospect Highway Upgrade, upgrade of Mamre Road and place-based redevelopment of Airds, Bradbury and Claymore housing estates.
“We are also looking forward to continuing to unpack today’s announcement about the reform of development contributions. The Property Council has championed the creation of a Contributions Calculator so that industry has certainty and clarity around the cost of contributions, and it is pleasing to see this measure included in today’s budget.
We know contributions reform continues to be a challenging task, and containing these costs is an important step in aiding any future economic recovery.”
Media contact: Ross Grove | M 0412 897 130 | E [email protected]