NSW BUDGET CONTINUES STRONG INVESTMENT PIPELINE IN WESTERN SYDNEY

22 June 2021

The NSW State Budget delivers on key commitments to Western Sydney and continues to drive forward the infrastructure needed to support job creation and investment says Business Western Sydney.

“This Budget continues the strong investment pipeline in Western Sydney with major transport, education and health projects,” said David Borger, Executive Director of Business Western Sydney.

“The task of supporting the growth of Greater Western Sydney is never complete but this Budget focuses on the opportunities to grow jobs in the west through smart investments in our health and education precincts.

“Western Sydney is where the growth is in our great city. Ensuring that all commitments in today’s Budget are delivered will put the green light for investment into our region.

Transport

“Transport will continue to be one of the big issues for Western Sydney.

“The funding for Sydney Metro West is vitally important to get this project underway and hopefully operational by 2030 to continue to drive private sector investment in Parramatta and Westmead, and better connect Sydney Olympic Park to the east and west.

“Parramatta Light Rail Stage 2 lives! The business community applauds the NSW Government’s decision to get the ball rolling on the planning approval process for Parramatta Light Rail Stage 2. We will be looking forward to the big funding announcements for this critical project for the heart of Western Sydney in coming budgets.

“Sydney Metro Western Sydney Airport is an important down payment in connecting the new Western Sydney Airport to the existing rail network and establishing a north-south public transport spine in Western Sydney.

Health & Innovation Precincts

“The commitment of funding for the major upgrade of Liverpool Hospital is an important step in positioning Liverpool as a centre of excellence in health, education, research and innovation.

“We are disappointed that a modest proposal to funding a collaboration space and small business and start up program in Liverpool has not been taken up by the NSW Government. This proposal would complement the large investment that has been made in the Sydney Start Up Hub and the proposed Western Sydney Start Up Hub in North Parramatta with support in Sydney’s booming South West.

“The investment to relocate the Bankstown-Lidcombe Hospital to the Bankstown CBD is a fantastic decision that will turbocharge jobs and investment in a community that deserves some strong attention from government.

“Further investments in Westmead health facilities and innovation hubs will continue to see this precinct grow and reach its full potential as a global leader in health provision.

Powerhouse Parramatta

“This budget locks in the funding for the new flagship Powerhouse Parramatta. The new museum is about providing equity for the families of NSW who are out of reach of the large cultural institutions in the Sydney CBD.

Bradfield City Centre

“The $1 billion investment to kickstart the new Bradfield city centre adjacent to the Western Sydney Airport is an exciting opportunity to shape a new urban community in the region. Attracting residents and business will be the key challenge for this greenfields site.

Housing

“We applaud the $852.5 million for social and affordable housing in this budget. Continuing to provide housing for essential workers through all parts of our city will be more important as property prices continue to grow around our metropolitan centres.”