Plans for Sydney infrastructure changes unveiled

12.9.13With the population expected to grow exponentially over the next 20 years, the New South Wales Government released the Sydney City Centre Access Strategy yesterday (September 11), which highlights changes to the capital city’s infrastructure.

This could offer investment opportunities for anyone interested in securing property in one of Australia’s largest, most economically viable cities.

According to Minister for Transport Gladys Berejiklian, there are more than 630,000 trips made into the city each and every weekday, and this is expected to increase by 150,000 by 2031.

“The Sydney CBD is the leading hub of economic activity in Australia, generating more than $70 billion towards the economy every year,” said Ms Berejiklian in a September 11 statement.

“The NSW Government is acting now to find smart solutions to keep our city moving, and we have already committed to constructing light rail through the Sydney CBD from Circular Quay to Randwick and Kingsford to reduce congestion, remove many buses clogging the streets, and revitalise the city.”

Some of the key changes include increased parking in the city, better walking and cycling facilities leading in and out of the centre, more bus lanes and an increased priority for their movement, and a specialised Transport Taskforce tasked with ensuring there is smooth transport 24/7.

The Property Council of Australia has praised the strategy, claiming that the changes will help to improve the overall productivity of the city and increase the value of investments.

NSW Executive Director of the Property Council, Glenn Byres, said in a September 11 statement that these changes are “serious strides” towards reducing the congestion of the city.

“Sydney will be home to another 100,000 jobs over the next 20 years and an increased residential population – as well as having aspirations to grow tourism visitation. It makes sense to move now on initiatives that can anticipate and accommodate future growth,” said Mr Byres.

Leave a Reply

Your email address will not be published. Required fields are marked *