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NSW Fast-Tracks Second Tranche of Projects


The $2.6 billion Mamre rezoning plans in Western Sydney’s Aerotropolis is one of the projects tipped to help propel the state’s economic rebound post Covid-19.

The Mamre precinct rezoning plan, located within Penrith City Council's local government area, spans 850 hectares of industrial land, and forms part of the New South Wales government's second tranche of “shovel-ready” projects, worth a total of $5.3 billion.

The latest fast-track announcement follows on from the state’s recent slew of project announcements, with its first 24 made in late April.

The draft rezoning package for Mamre Road Precinct was on exhibition between November and December last year, and is backed by a heavyweight development consortium comprising Mirvac, Frasers Property, Fife Capitol, Dexus, Stockland, GPT Group and ESR.

Related: Construction to Start on Macquarie Park’s Ivanhoe Estate

▲ Plans for the Tweed Valley Hospital.
▲ Plans for the Tweed Valley Hospital, which form part of the state's 'tranche two' projects.


The latest round of 24 priority projects include a new Eastern Creek retail centre, three new schools in Camden, Wagga Wagga and Blacktown; and the relocated Sydney Fish Markets, with a determination to be made on each project within four weeks.

Although, planning minister Rob Stokes said the Mamre Road industrial precinct would “happen sooner”, before the 18 June due date.

The second tranche of projects, which include eight projects suggested by the private sector such as Mirvac’s $151 million proposal in the Hills Shire, also comprises Fairfield council's plans for its $326 million urban renewal of the Villawood Town centre.

The second batch of projects is touted to provide more than 15,000 jobs, and more than 3,600 new homes, explained Premier Gladys Berejiklian in Friday's announcement.

A list of the fast-tracked projects is available here.

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Article originally posted at: https://theurbandeveloper.com/articles/nsw-fast-tracks-second-tranche-of-projects