In case you missed it, a big announcement was made this week in relation to the continued and exciting development of Western Sydney into a pulsating new hub of economic growth and investment.
The NSW Premier announced this week that an effective “third city centre” will be created in (far) Western Sydney.
More than $1 billion will be dedicated to the creation of this city centre district near the Western Sydney International Airport.
The new city, named Bradfield, is a commitment from the NSW Government to transform what are now paddocks into a thriving city, fueling thousands of jobs in the heart of Western Sydney.
It’s interesting to note that the global pandemic catalysed the Government’s decision to inject billions of dollars domestically.
We are now seeing an active shift towards investment in areas that will create new economic opportunities right here at home.
Minister for Jobs, Investment, Tourism and Western Sydney, 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 funding commitment will deliver the first stage of Australia’s first 22nd-century city, attracting global competitive advanced industries and driving the creation of 200,000 new jobs across the Western Parkland City.
In our view, this is a very exciting time for Western Sydney and to be part of the burgeoning construction industry which is going to play such an important part in what is to come.
At Masco Group, we can’t wait to see how things play out and are excited by our chance to play a part in this dynamic, emerging future.