BDO welcomes Hon Andrew Constance MP, to discuss key infrastructure projects for Sydney
11 September 2018
BDO Sydney today welcomed the Hon Andrew Constance MP, NSW Minister for Transport and Infrastructure to its offices, to discuss the key infrastructure projects planned for the city.
BDO Sydney Managing Partner, Grant Saxon, said with an unprecedented infrastructure investment surge, totalling around $120 billion taking place across the city, it was important for businesses to learn more about the projects that are transforming the city, and to understand the impact on the economy of NSW and Australia.
“Sydney and NSW has suffered from decades of under-investment in infrastructure and the significant activity we are now seeing is long overdue,” Mr Saxon said.
“The disruption caused by such significant construction activity is an unfortunate by-product of this pent up demand, but we live in a global city, and to keep us at the top of our game, we needed to invest in world-class public transport, road networks and other associated infrastructure.
“The scale of this investment is also driving significant activity across the broader state and national economies.
“The project list is really quite something:
- WestConnex, 33km underground motorway linking Sydney’s CBD with major arterials across Sydney’s southwest to the city. $18.6bn, due by 2023
- NorthConnex, a 9km motorway tunnel under construction in northern Sydney, connection the M1 Pacific Motorway to the M2 Hills Motorway, $3bn due 2019
- Sydney Light Rail, a 12km route extending from Circular Quay to Randwick. Cost $2.1bn due 2019
- Western Sydney Airport, located at Badgerys Creek in Western Sydney, the second Sydney airport is due to open in 2026, $5.3bn
- Western Harbour Tunnel & Beaches Link, will link Rozelle under Sydney harbour through to the growing Northern Beaches, $14bn due 2029
- Parramatta Light Rail, a 12km track connecting the hub of Parramatta to neighbouring areas such as the Westmead precinct, Rosehill Racecourse and Western Sydney University, $2bn, due 2023
- Barangaroo Waterfront Project, rejuvenation of waterfront area at Barangaroo, $10bn, due 2024.
- Sydney Metro & Sydney Stadiums – refurbishment and rebuild of stadiums, $2.1bn due 2022.”