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Increased Infrastructure Investment to Transform Sydney


Release Date: 23/06/2015
The Sydney Business Chamber has described the significant investment in transport and infrastructure projects as boost for Sydney and one that will enhance the city’s global appeal and enable it to significantly improve business productivity.
 
Executive Director of the Sydney Business Chamber, Patricia Forsythe said, “The NSW budget goes a long way to address the productivity challenge that transport congestion has had on Sydney for too long.
 
“This year more than $1 billion has been allocated for Sydney Metro rail projects which will reshape our city and improve connections for the millions of commuters each day.
 
“Our CBD will also be transformed with $120 million allocated to Sydney’s CBD Light Rail project, helping create a more liveable city by allowing people to move through the city at a faster and more efficient rate.
 
“The global appeal of Sydney will continue to grow with $75.9 million to secure major events and boost tourism in Sydney. 
 
“This is a welcome investment for the tourism sector, which currently accommodates 1.9 million international visitors each year.
 
“This investment will also bolster the visitor numbers for the soon to be opened International Convention Centre.
 
“This investment comes at an opportune time as Sydney will host the next World Chambers Congress in 2017 and visitor numbers are sure to lift,” said Mrs Forsythe.
 
The Western Sydney Director of the Sydney Business Chamber, David Borger also embraced key infrastructure announcements.
 
“Light rail has the potential to transform Western Sydney as it will allow people to move in and out of city streets with ease, the $19 million to begin planning for a Western Sydney Light rail based in Parramatta, is a process that can’t start soon enough.
 
“Arts in Western Sydney is also a winner with $10 million dedicated to plan for Parramatta‘s Cultural Precinct.
 
“The local arts and cultural community has been vocal about additional funding, so will applaud the $7.5 million arts and culture investment.
 
“We are still eagerly awaiting the Government’s decision regarding the allocation of funding for sporting infrastructure, and will continue to advocate for stadium funding in Western Sydney,” said Mr. Borger.
 
Media contact: Patricia Forsythe 0418 165 466 or Kate Bryant 0424 186 367
 



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