Berejiklian Government announces Australia’s newest economic zone ‘open for business’
THE Berejiklian and federal governments will today declare Australia’s newest economic zone around the Badgerys Creek airport development ‘open for business’ at a summit attended by 250 prospective local and international business leaders today.
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AMBITIOUS plans to build an airport city at Badgerys Creek will receive a boost today with the state and federal governments unveiling plans to fast-track rail lines and lure top international investors to the precinct.
Proclaiming the 10,000ha greenfield site around the airport as “Australia’s newest economic zone”, the NSW government will use a summit attended by 250 prospective local and international business leaders to declare the so-called “Aerotropolis” open for business.
The airport also has the potential to become an agriculture export hub for Australian farmers keen to take on the world with their premium produce.
Premier Gladys Berejiklian told The Daily Telegraph high-skill jobs in aerospace and defence, manufacturing, healthcare, freight and logistics, agribusiness and education among others would add to “the 28,000 direct and indirect jobs generated by the airport by 2031”.
There are billions of dollars in proposed projects poised to turbocharge the region.
The Telegraph can exclusively reveal that the proposed World Trade Centre (WTC) at Bringelly and The Northern Gateway at Badgerys Creek could create more than 120,000 jobs, many of them highly skilled roles.
Add these to the commitments already announced in the Western Sydney City Deal — including a promise to attract a tech-focused university, TAFE and high school — and the area has the potential to be a mini-Silicon Valley.
Modelling by PricewaterhouseCoopers shows the WTC, led by Aerotropolis Group, could create 43,500 direct jobs, 45,000 indirect jobs, inject $29.2 billion into the local economy and contribute $8.2 billion in tax revenue by 2039.
It would consist of four towers, international convention and exhibition centres, a commercial area for large multinational companies, a start-up incubator, retail outlets and residential components.
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Meanwhile the Northern Gateway, led by Boyuan Holdings and its foundation partners Scentre Group and Western Sydney University, will cover a 344ha site bordering the northern end of the Western Sydney Airport and has the potential to deliver up to 38,000 jobs over the next 40 years.
This would result in a $14.3 billion economic output into the Western Sydney Region.
The project will provide up to 9000 residential dwellings, and partner Scentre Group will build a vibrant town centre with 200,000 square metres of retail, entertainment and restaurants.
And modelling by NSW Farmers shows that an export orientated Fresh Food Precinct on 300ha of land near the airport would create 10,000 jobs, allowing hundreds of farmers to export their produce in record time.
“Without the airport, you don’t have an Aerotropolis. And without the airport … you don’t have the 200,000 jobs forecast to be created in Western Sydney in the next 20 years,” Prime Minister Malcolm Turnbull said.