Plans for an aerotropolis in outer western Sydney are gaining momentum with a proposal for an $8 billion World Trade Centre ‘city’ being submitted to the NSW Department of Premier and Cabinet.
The proposal has been made by the Aerotropolis Group, who owns a 120-hecatre parcel of land in Bringelly, located just three kilometres from the Western Sydney Airport.
They have proposed a mixed-use development comprising of four towers, an international centre and exhibition centre, commercial space for multinational companies, an innovation and incubation centre for start-ups and retail and residential space.
The development has been master planned by global architecture studio Woods Bagot and aims to be a net-zero carbon emissions precinct.
To be known as WTC Sydney, it is set to be another game changer for outer western Sydney.
A fiscal impact assessment conducted by PricewaterhouseCoopers estimates that the financial district within WTC Sydney could create 43,500 jobs on a yearly basis. The company has also predicted that it will indirectly inject $13 billion to both Sydney and New South Wales’ economy—particularly for the western portion of the city.
Aerotropolis Group Managing Director and CEO Jomon Varghese suggests WTC Sydney believes that WTC Sydney is a “project that will resolve the structural problem faced by Sydney by bringing balance to our city which is historically tilted to the east.”
If approved, it is hoped that the development will be complete by 2026, the same year the Western Sydney Airport is due to open.
Image and content source: www.woodsbagot.com