Sydney Metro West to unlock billions of dollars in housing potential
EXPERT OBSERVATION
The announcement today by the NSW Government of the 2020 commencement of construction of the Sydney Metro West and seven proposed stations between Westmead and the CBD has the potential to unlock tens of billions of dollars in complementary housing development along the metro corridor.
The Government has described the $20 billion Sydney Metro West as a ‘once in a century infrastructure investment’ that will more than double the existing rail capacity between Greater Parramatta and the Sydney CBD, and slash travel times between Parramatta and the CBD to around 20 minutes.
There is no doubt the Sydney Metro West is a major city-shaping project that will underpin strategic areas of urban growth for decades to come. It potentially brings the concept of the 30-minute city within reach for millions more Sydney residents.
It is absolutely critical that this massive investment in transport infrastructure and capacity building is complemented by plans for appropriate development around the new railway stations, in addition to existing rail and metro stations. The development sector has been planning for this announcement and the certainty it provides could spark a generation of construction related employment.
Not only will this assist in relieving unsustainable congestion on our road networks as our population continues to grow, it will also serve to revitalise communities along the metro line by creating new opportunities for local business, retail and social hubs to flourish.
The seven proposed metro stations will be located at Westmead, Parramatta, Sydney Olympic Park, North Strathfield, Burwood North, Five Dock, and The Bays Precinct. The NSW Government also committed to fasttrack the feasibility of building a Metro station in Pyrmont, while also assessing a potential station at Rydalmere.
The Urban Taskforce supports the location of a metro station as Pyrmont as a common-sense response to serving the current and future needs of one of our most populous and vibrant inner-city suburbs and employment centres. The way we see it, it’s a no-brainer.
CHRIS JOHNSON is the CEO of Urban Taskforce
