ASX-listed property developer Boyuan Holdings Limited has released an updated masterplan for the 344-hectare Northern Gateway City at Badgerys Creek.
Boyuan, along with its consortium partners Scentre Group, Western Sydney University, Logos and world-renowned neurosurgeon Professor Charlie Teo will spearhead planning and construction of the new city.
The site of the new city is the largest single owner land holdings in the new created Western Sydney Aerotropolis and, according to analysis carried out by Urbis, will inject $21.6 billion into the fast growing regional economy.
Boyuan now anticipates the Northern Gateway will create more than 55,700 direct jobs, 28 per cent of the Western Sydney City Deal’s target of 200,000 jobs by 2050.
The precinct will include integrated health, education, retail, entertainment and leisure precincts, hi-tech logistics clusters.
It will also accomodate key workers during the construction of the Western Sydney Airport and the surrounding aerotropolis.
Westfield owner Scentre Group will integrate a vibrant, highly-activated 200,000sq m mixed-use town centre into the city's masterplan.
The centre will feature retail and entertainment quarters, hotels, commercial activities and community facilities which will be enhanced by native parklands and waterways in a walkable urban environment.
Western Sydney University will create a new international campus precinct that fosters innovation by establishing an education, research and industry hub for up to 10,000 students.
International logistics firm Logos will operate a logistics hub for high-tech industries, warehousing and manufacturing, leveraging its prime location adjacent to the new Airport.
Neurosurgeon professor Charlie Teo will head the healthcare centre delivering medical services to the region’s rising population.
The healthcare centre will serve the growing population in Western Sydney, undertake vital research and development and act as a hub for the medical industry from around the Asia-Pacific region.
The consortium is now seeking a realignment of the proposed M12 motorway route to connect with the Northern Gateway site.
“If we are to realise the true economic potential of the site and ensure its significance as a key strategic centre with connectivity to the Airport and Aerotropolis, it is crucial that the current proposal for the M12 is realigned within our land holding,” Boyuan chief executive Caden Wan said.
There are also calls for the construction of a new underground station within the site to service the North-South Rail Link, interchange for the Airport to Parramatta future rail line and transport interchange.
“We believe a whole-of-Government approach is needed to best integrate land use and transport planning and maximise development and employment-generating potential of the Northern Gateway site for the benefit of the whole Region,” Wan said.
Boyuan has now submitted a planning proposal to Penrith City Council to fast-track the early release and rezoning of the land holding in accordance with its refined masterplan which includes the Consortium’s alternative road and rail transport corridors.