The massive injection of funds will kick start work on Bradfield City, supporting thousands of jobs on the doorstep of the new Western Sydney International Airport.
It ensures that the Airport will have its own CBD which will rise from a paddock and develop into a cosmopolitan city. This in turn will encourage visitors to Sydney will be more inclined to base themselves close to airport during their stay.
Premier Gladys Berejiklian said the funding paved the way for work on the project to begin this year, starting the creation of a world class city precinct that would support up to 17,600 highly skilled jobs.
“This is another exciting step forward in realising the Government’s vision for this city-building project,” Ms Berejiklian said.
“We have named the new Aerotropolis city, Bradfield and now work is set to begin to turn what is essentially a paddock today into a thriving global city centre.”
The commitment includes $975.5M in enabling works to establish, remediate and allow site access to about 100ha of land, driving the COVID-19 economic recovery not only in NSW, but across the nation.
The funding will also help to create a key Indo-Pacific economic hub, unleashing international investment in advanced manufacturing, aerospace and Defence, agri-business, pharma, freight and logistics, health and education.
NSW Treasurer Dominic Perrottet said this vital investment would lay the foundations for Bradfield to be transformed into a world-class precinct that would drive jobs now and into the future.
“Bradfield City will be the next jewel in Sydney’s crown and we’re putting in the groundwork to deliver an iconic city that will unlock new economic opportunities, particularly for the people of Western Sydney,” Mr Perrottet said.
“The pandemic has shown us the importance of investing in our own backyard and this investment will create a precinct that will be home to businesses and industries that will create jobs not just today, but into the future as well.”
Minister for Jobs, Investment, Tourism and Western Sydney Stuart Ayres said there was also funding to establish the First Building in the Bradfield City Centre and for a four-year pilot of the New Education and Training Model.
“The government has committed $138.2M for the First Building which includes a $24.9M high-tech facility which will house $22.9M worth of shared-use equipment for research institutions and industry to collaborate,” Mr Ayres said.
“The NETM is a new model of tertiary education aimed at helping advanced industries access skilled labor. We are dedicating $37.4M to the program over five years to provide more than 7000 courses for almost 3000 students.”
The funding commitment will deliver the first stage of Australia’s first 22nd century city, attracting global competitive advanced industries and driving the creation of 200,000 new jobs across the Western Parkland City.
