The Western Sydney City Deal announced is an incredible outcome for Western Sydney and its residents and will undoubtedly help achieve the 200,000 great news jobs target for Western Sydney set out in Deloitte’s Shaping Future Cities, Designing Western Sydney economic blueprint, according to Deloitte Western Sydney Office Managing Partner, Danny Rezek.
“To see all three layers of government coming together to make this investment in the region is a welcome advancement. The City Deal gives Western Sydney businesses and residents confidence about the longer-term future of the region,” said Rezek.
Deloitte has been collaborating with business, government and the community across Western Sydney to deliver against the 200,000 jobs target. Our recently released Report Card highlights just how far we have come, with over 65,000 new jobs already created. This City Deal now sets out a longer-term plan to not only achieve but reach beyond that target.
The Aerotropolis and agribusiness precinct will supercharge the jobs growth already underway and the establishment of an Investment Attraction Office speaks to the importance of showcasing the potential of the region set out in Designing Western Sydney. It will play a critical role as conduit for those looking to capitalise on the competitive advantages the region has to offer.
“Ultimately business is the key driver of jobs growth and jobs are key to activating a liveable, prosperous place where people want to live, work and play, so we’re delighted with this focus on attracting investment into the region,” said Rezek.
The City Deal also includes the establishment of a Western Sydney Development Authority, a key recommendation of Designing Western Sydney and fundamental to streamlining future investment and development in the region.
The announcement of a North South Rail Link connecting St Marys to Badgerys Creek via the Western Sydney Airport is also a crucial component of realising the potential of Western Sydney.
Deloitte has projected that the new rail link will itself create 100,000 new jobs and will also reduce travel time between west and east from 1.5 hours to 30 minutes and generate an additional $44.7 billion economic output between 2024-2040.
“This longer-term commitment to connect the people of Western Sydney with the jobs and amenities being created is a fantastic result for the community. This City Deal is a true city shaper and will go a long way to not only realising Western Sydney’s potential but to making Greater Sydney the polycentric city it should be,” said Rezek.