Covid-19: NSW announcing new planning project that could inject more than $5.37 billion into the economy

Covid-19: NSW announcing new planning project that could inject more than $5.37 billion into the economy

NSW will lead Australia to economic recovery, with the NSW Government today announcing another 24 priority projects, including a new retail center, industrial precincts, three new schools, and the relocated Sydney Fish Markets, that could inject more than $5.37 billion into the State’s economy.

Source: NSW Government

The second tranche of projects released will have their planning assessments fast-tracked and finalized through the Planning System Acceleration Program, which is boosting the State’s economy and creating opportunities for thousands of new jobs in response to the COVID-19 pandemic.

The Program includes 11 rezonings that will unlock major commercial, industrial and residential development across the State to propel NSW’s economic rebound, with a determination to be made on every project in the tranche within four weeks.

Premier Gladys Berejiklian said the second batch of projects could provide more than 15,000 jobs, more than 3,600 new homes, and enhance NSW’s status as this country’s economic powerhouse. Ms Berejiklian said:

“NSW is streets – and roads and homes and hospitals and schools – ahead of every other State in providing new jobs, economic growth, infrastructure and services for our people,”

“This health crisis only sharpens our focus and energy as we bring forward the NSW Government’s unprecedented infrastructure spend and create an environment where private and government investment combines to help us rebound from the pandemic together.”

The second tranche of shovel-ready projects includes eight suggested by the private sector, including a specialized retail center at Eastern Creek, a waste recycling facility in Girraween, new public open space in St Peters, and an expansion of the Cumberland State Forest.

Planning and Public Spaces Minister Rob Stokes said projects such as the $2.6 billion Mamre Road industrial precinct, including new environmental lands and open space, will transform NSW.

“The Mamre Road project alone creates opportunities for more than 5,250 jobs and it will happen sooner because the NSW Government has re-allocated planning resources to assess these projects faster,”


Our first tranche of 24 projects delivered more than 10,000 jobs and $7.7 billion in economic benefit to our state but it’s important to recognize these are just the projects we’ve prioritized.”

“During the same period we also approved – through our normal process – 42 projects worth $2.4 billion, creating opportunities for more than 4,600 jobs and 399 new homes.”

“We’re creating great places to live, work and play while also showing the world that NSW is ready to not only recover but thrive,” Mr Stokes said.

To be considered for a fast-tracked assessment through the Planning System Acceleration Program, a development application (DA) or rezoning must already be in the system, deliver a public benefit, demonstrate an ability to create jobs during construction and once complete, be able to commence construction within six months (for a State Significant Development application or State Significant Infrastructure application) or allow a DA to be lodged within six months (for a rezoning).

Source: NSW Government