- $1.15B project will kick start work on 100 hectares of land
- Expected to support up to 17,600 jobs
- Has been described as Australia's first "22nd century city"
The New South Wales Government has announced $1.15 billion will be allocated to kick start work on the new Bradfield City Centre – the centre of the new Aerotropolis.
The funding paves the way for the project to commence this year, which is expected to support up to 17,600 jobs.
“This is another exciting step forward in realising the Government’s vision for this city-building project,” said NSW Premier Gladys Berejiklian.
Bradfield is the name of the new Aerotropollis city, which Ms Berejiklian said will be turned from “essentially a paddock today into a thriving global city centre.” The NSW government has described Bradfield as Australia’s “first 22nd-century city.”
$975.5 million of the funding facilitates works to establish, remediate and allow site access to around 100 hectares of land.
Ultimately, the NSW government seeks to establish Bradfield as a key Indo-Pacific economic hub with international investment in various sectors such as advanced manufacturing, aerospace and defence, agri-business, pharma, freight and logistics, health and education.
NSW Treasurer Dominic Perrottet added that Bradfield City will be “the next jewel in Sydney’s crown” that in particular will help drive growth in the growing Western Sydney corridor.
“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.”
Dominic Perrottet, NSW Treasurer
Stuart Ayres, the Minister for Jobs, Investment, Tourism and Western Sydney said there is additional funding to establish the First Building in the Bradfield City Centre, along with a four-year pilot of the New Education and Training Model (NETM).
“The government has committed $138.2 million for the First Building which includes a $24.9 million high-tech facility which will house $22.9 million 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 labour. We are dedicating $37.4 million to the program over five years to provide more than 7,000 courses for almost 3,000 students.”
Stuart Ayres, Minister for Jobs, Investment, Tourism and Western Sydney