$1 billion to start building new Bradfield CBD at Western Sydney Aerotropolis
A billion dollars has been committed to Sydney’s newest city as part of the NSW state budget, which will help power the national economy into the next century.
NSW
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More than a billion dollars has been committed to kickstarting work on the CBD of Sydney’s newest city – Bradfield.
The Western Sydney Aerotropolis is getting a $1.02 billion cash boost to start building its city centre, including $929.1 million to establish, remediate and allow site access to 100ha of land.
The funding will help establish roads, water, electricity and sewage infrastructure at the site to attract investment from the private sector.
Western Sydney Minister Stuart Ayres said the cash splash was the official “open to business sign” for the region.
“The Bradfield Aerotropolis is a game-changer for NSW. Its focus on STEM jobs will set up the state to rebound strongly in a post pandemic world,” he said.
“The Aerotropolis is about NSW owning the economic future and creating the jobs our economy will need to keep growing after COVID-19.
“This will set up Western Sydney to power the national economy into the next century.”
More than $50 million has been committed to build the region’s first building which will house shared-use equipment for research institutes and industry leaders to collaborate on.
Treasurer Dominic Perrottet said the coronavirus pandemic has highlighted the need for local investment.
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.
Originally published as $1 billion to start building new Bradfield CBD at Western Sydney Aerotropolis
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