New South Wales allocates £3.5bn for Sydney Metro West project

WCN Editorial Team 18 Jun 2019 ASIA TRANSPORT INFRASTRUCTURE

The state government of New South Wales (NSW), Australia has announced a budget of A$6.4bn (£3.5bn) to accelerate the construction of Sydney Metro West project in Australia.

The funding, to be provided over four years, will be used to more than double the existing rail capacity between Parramatta and the Sydney CBD and reduce travel times between Parramatta and the city to 20 minutes.

The project will service the key precincts of Greater Parramatta, Sydney Olympic Park, The Bays Precinct and the Sydney CBD.

NSW Transport Minister Andrew Constance said: “We have worked our guts out to get the budget in a strong position and now we are able to deliver crucial rail projects like Metro West quicker than anyone thought was possible.”

Constance added: “Labor has promised a Metro to Western Sydney three times since the mid-90s and cancelled it every time. In 2010 they were so incompetent they handed $81 million back to the Federal Government after cancelling it once again.

“We already have the runs on the board. We’ve opened North West Metro with phenomenal results and construction is well underway on Sydney Metro City & Southwest.”

With construction on Metro West scheduled to commence next year, the final schedule for the project is subject to completion of the final business case.

“An initial reservation of $3bn was included in last year’s budget. This amount forms part of the $6.4bn committed to during the recent state election,��� the state government said.

Commenting on the budget allocation for the project, Western Sydney Business Chamber executive director David Borger said: “The $6.4 billion over four years included in this Budget to accelerate the construction of the Sydney Metro West is a welcome investment in the most important transport project in the country.

"However, the Government needs to answer the question where the rest of the funding will be coming from for a project that is estimated to cost up to $25 billion."

---------------------------------------------------------------------------------------------------------------------------------------
Image: Illustration of the Sydney Metro West station. Photo: courtesy of Sydney Metro.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2019 GlobalData. All rights reserved.