Work on Western Sydney’s highly anticipated aerotropolis is set to begin before the end of this year with the state government committing $1.15 billion towards the project.
The funding will be used to transform what is now essentially paddocks and grassland into a world-class city precinct, which is to be known as Bradfield after legendary engineer John Bradfield.
Premier Gladys Berejiklian said the aerotropolis will become a ‘thriving global city centre’ that will eventually support up to 17,600 highly skilled jobs.
“This is another exciting step forward in realising the Government’s vision for this city-building project,” Ms Berejiklian said.
More than $900,000 of the funding will be used to enable works to establish, remediate and allow site access to about 100 hectares of land. It will also help to create a key Indo-Pacific economic hub, unleashing international investment in advanced manufacturing, aerospace and defence, agri-business, pharma, freight and logistics, health and education.
NSW Treasurer Dominic Perrottet described Bradfield City as the “next jewel in Sydney’s crown” that will unlock economic opportunities, particularly for Western Sydney.
“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,” he said.
NSW Jobs, Investment, Tourism and Western Sydney Minister Stuart Ayres said there is also funding to establish the First Building in the Bradfield City Centre and for 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.”
The state government estimates the funding will help create 200,000 new jobs across the Western Parkland City.
Once complete, Bradfield will be roughly 60 per cent of the size of Sydney’s original CBD. It will be located near the future Western Sydney International airport, which is due to open in 2026.