In a recent announcement, $20 billion will be invested into the new airport, named “Aerotropolis”, that will be developed in Badgerys Creek, Western Sydney. The added investment plans to boost the construction of the region's newest economic zone in order to create a boon to the economy and jobs in the area.
The concept behind Aerotropolis is creating a new form of urban living that sees cities built around airports, allowing for quick-connecting transport, retail, food and business options to be readily available to visitors.
It is hoped that the additional funding will create more than 120,000 new jobs in Western Sydney within the healthy, education, transport and logistics sectors. The new precinct has been described as a “game-changer” by Prime Minister Malcolm Turnbull and hopes to see the area transformed into “one of the best places to live and work in Australia”. In preparation for the airport’s opening, a new North-South rail will be built to connect Badgerys Creek to St Marys.
In addition to the airport, a World Trade Centre (WTC) will be built in the area, with four large towers proposed by international architect company, Woods Bagot, and developer, Aerotropolis Group. A convention and exhibition centre will also be built in addition to plenty of commercial, retail and residential spaces and an innovation centre. The project aims to produce net zero carbon development.
WTC is estimated to add $13 billion to the economy and create 43,500 jobs by 2040.
“WTC Sydney is a project that will resolve the structural problem faced by Sydney by bringing balance to our city which is historically tilted to the east," said Jamon Varghese Aerotropolis Group chief executive said. "It will create an ecosystem to promote international trade, economic activity and employment generation by connecting Sydney to the 322 cities in 90 countries through the WTC network.”
the new airport will include a health and education precinct, proposed by Boyuan Holdings Limited, that will be developed by members of the BHL association, including Scentre Group and and Western Sydney University.
“[The health and precinct] will be a world-class integrated wellness model combining the best ancillary care with cutting-edge medical technology,” said neurosurgeon professor, Charlie Teo, who will head the centre.
Part of Aerotropolis’ construction will be the Northern Gateway, a pipeline of 9000 residences and open green spaces.
Aerotropolis and WTC are expected to open in 2026 and will be a catalyst for big investment and economic opportunities that will see Western Sydney transformed into an exciting area that will be at the forefront of Sydney’s development and lifestyle.