)
The Federal Government will go 50/50 with the NSW State Government in a $3.5 billion investment into the Western Sydney Airport metro project.
Construction will begin this year on the $11 billion Sydney Metro - Western Sydney Airport rail project, which is expected to create around 14,000 new jobs in the state.
Under an agreement between the Morrison and Berejiklian governments a further $3.5 billion will be injected into the project to service the greater Western Sydney region, with each announcing a $1.75 billion contribution today.
This comes on top of the $5.3 billion the Federal Government has dedicated to fully fund the construction of the new Western Sydney airport as well as other funds the Federal Government promised in 2019.
The new metro line will be built in time for the grand opening of the Western Sydney International (Nancy-Bird Walton) Airport in 2026.
"The new Metro and the new airport will deliver billions of dollars and thousands of jobs to Western Sydney, while establishing the infrastructure needed now and into the future," says Prime Minister Scott Morrison.
"Construction is already well underway on the airport, and later this year works will start on this new Metro service which will link the suburbs of Western Sydney to the rest of Sydney.
"Getting work started on this project and many other infrastructure projects across New South Wales and Australia is critical to my government's JobMaker program as we rebuild the economy during COVID-19."
The new metro project forms part of NSW Premier Gladys Berejiklian's $100 billion infrastructure pipeline.
"Now more than ever we need projects that provide jobs to support families and this project is major economic stimulus right in the heart of western Sydney," Ms Berejiklian said.
"This project is moving forward, through the hard work that has been carried out by the Federal, New South Wales and local governments over the past year.
"The opportunities this mega project will provide are vital as our economy recovers from the financial impact of the COVID-19."
The Sydney Metro Western Sydney Airport includes six proposed metro railway stations, including:
- Two stations within the airport site, at the airport terminal and at the airport business park;
- A station serving the commercial heart of the Western Sydney Aerotropolis;
- A station at St Marys, interchanging with the existing suburban railway station and connecting customers with the rest of Sydney's rail system;
- A station at Orchard Hills; and
- A station at Luddenham to service a future education, innovation and commercial precinct.
Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.
Business News Australia
Enjoyed this article?
Don't miss out on the knowledge and insights to be gained from our daily news and features.
Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.
Support independent journalism and stay informed with stories that matter to you.
)
)
)
)
)
