Two out of the three high priority projects for NSW featured in Infrastructure Australia’s 2019 Infrastructure Priority List are being delivered on Penrith’s doorstep, further strengthening one of the country’s largest and most connected regions.
Uniquely positioned between Sydney’s north-west and south-west growth centres, and at the gateway to the new Western Sydney Airport and Aerotropolis, it is no surprise that infrastructure investment around Penrith is of national significance given the region's capacity to deliver the jobs, business and investment opportunities of the future.
The Infrastructure Priority List provides decision makers with advice and guidance on specific infrastructure investments that will underpin Australia's continued prosperity.
Upgrades to the M4 motorway and construction of the new Western Sydney Airport stand among the nation’s most significant building initiatives, classified as ‘High Priorities’ in the list, and form part of a record $58 billion project pipeline.
Additionally, delivery of The Northern Road upgrade has been identified as a ‘Priority Project,’ with the preservation of the Outer Sydney Orbital road and rail corridor, the M9 and Castlereagh Connection, and the corridor for the Western Sydney Airport rail connection categorised as ‘High Priority Initiatives.’
These crucial road and rail projects included on the list will connect Penrith to the region and Australia like never before. Coupled with our unique location at the entrance to the new Western Sydney Airport, Penrith is in a prime position to bring the workers, businesses and students of the future together across our emerging 21st Century City.
Western City and Aerotropolis Authority will take-off in Penrith
Penrith will be at the centre of jobs growth and investment as the home of The Western City and Aerotropolis Authority (WCAA). The State Government made the announcement this week; with Penrith's strong ties to the Western Sydney Airport and geographic location making it the ideal choice.
The WCAA will guide the design and development of the Western Sydney Aerotropolis and will play a key role in attracting international investment and delivering on commitments to generate employment, education and lifestyle opportunities for the region.
Penrith Council, together with the seven other Councils of the Western Sydney City Deal, will have a key role within the WCAA, planning the use of strategic sites across the Western Parkland City that kick-start development of the Aerotropolis and support the region's growth, creating vibrant and connected places to work and live.
Council has consistently advocated for more government jobs in Penrith City Centre and welcomes this strategic link in planning for the future airport.
Western Sydney Airport has been named in honour of Nancy-Bird Walton, one of Australia's pioneer aviators and the founder of the Australian Women's Pilots' Association (AWPA). Prime Minister Scott Morrison announced the new airport name earlier this week. The airport will officially be known as Western Sydney International Nancy-Bird Walton Airport.
Pictured: Nancy-Bird Walton was known as the "First Lady of Aviation". (National Library of Australia: Russell Roberts).
Growing opportunities in Aerotropolis agribusiness precinct
The creation of a thriving agricultural precinct within the Western Sydney Aerotropolis, announced by the State Government this week, has the capacity to create 2,500 direct local jobs, support up to 12,000 more, and further stimulate the agri-business, freight and logistics opportunities on offer in Penrith.
As the gateway between Western NSW and the new airport and aerotropolis, Penrith is poised to become Sydney’s first food innovation hub, with a strategic focus on food technology, research and production business. Offering large green-field spaces and rapid distribution links, Penrith is ideally located for agribusiness to capitalise on the positive trends in agriculture exports being generated by continued growth and urbanisation in Asia.
Located in Penrith, exciting investment potential exists within the Northern Gateway Precinct of the Aerotropolis, offering 4,000ha of available employment land – 14 times the size of the Sydney CBD.
With a range of transformative infrastructure projects to be delivered in the short, medium and long term, business sentiment across Western Sydney has hit a five-year high.
The sixth Making Western Sydney Greater Report, published as a collaboration between William Buck, St.George, Western Sydney University, and Western Sydney Business Connection, found business sentiment has climbed significantly across the region, according to 200 businesses surveyed.
The report focuses on the significant impacts better connectivity and new transport networks will have on business growth and employment in Western Sydney.
Of note, the report identified businesses in the Western Sydney area expect to exceed revenue and profit targets by more than 10 per cent this year alone.
This result is no surprise to businesses investing in Penrith. As a City soon to be one of the most connected in Australia, strategically positioned as the closest major centre to the new Western Sydney Airport and ready to capitalise on once-in-a-generation Government investment in transport infrastructure, Penrith offers unprecedented opportunities for business, industry leaders and investors to succeed.
New conference centre just the
ticket for tourism economy
The first sod was recently turned on the $47.9 million development; with State and Federal Governments announcing they will each contribute $12 million to the project.
The state-of-the-art facility will include a 1,250sqm flexible space for major events, trade shows, exhibitions and seated functions for up to 1,000 people as well as an underground car park with capacity for 530 cars.
Penrith’s attractions, spectacular nature features and unique team-building activities combined with fast road and rail connections to the Western Sydney Airport already create a compelling proposition for domestic and international event organisers. This new world-class venue will ensure Penrith is their first choice.
The first stage of construction on the Western Sydney Community and Convention Centre is due to start in October 2019 and is expected to be completed within two years.
Pictured: Penrith Mayor Ross Fowler OAM joined Federal and State Government representatives, Panthers Board members and CEO at the announcement of the Western Sydney Community and Convention Centre.
St Marys ready to flourish
St Marys, set to be one of Penrith City's most connected centres, is a suburb in the midst of transformation.
Recently revitalised with upgrades to the prime shopping strip of Queen Street, St Marys will also be the starting point for Stage 1 of the North South Rail Link, providing a transport connection to the new Western Sydney Airport from day one of operations in 2026.
St Marys Town Centre will be a key hub as the region evolves, and with government plans to deliver more housing options in the area, Queen Street is ready to welcome new investors and businesses.
One such project is the Marigold on Queen. Housing 34 contemporary apartments it is a development for a community ready to flourish in the years ahead.
Located about 800m from St Marys train station, and near a range of vibrant cafes and shops, the building will have a rooftop terrace with views over the Blue Mountains, and feature retail premises on the ground and first floors. Construction is due to start in April.
Pictured: Artist's impression of the Marigold on Queen development.
Special Chamber Event:
Penrith is home to a growing, vibrant and diverse business ecosystem; supported by a strong commitment from Council and the community to welcome new businesses and industry.
On Wednesday 13 March, business leaders from some of Australia's largest companies will meet in Penrith to talk strategy for creating employment at a local level in our increasingly global economy and discuss how businesses of all sizes can work together to deliver for Western Sydney and regions across Australia.
Pictured (L-R): BHP Chief Executive Andrew Mackenzie, and Business Council of Australia Chief Executive, Jennifer Westacott,
Penrith hosts Free Trade Agreements Seminar
The export market offers significant opportunities for Penrith businesses aspiring to grow. Find out about how to take advantage of Australia’s Free Trade Agreements with China, Japan, Korea and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries at an interactive seminar session hosted by the Australian Government, on 19 March, 7.30am - 9.30am at Panthers Penrith.
Participants will have the opportunity to hear directly from Government and Industry experts on the practical benefits of exporting and how to make the most of Australia’s Free Trade Agreements.
Speakers and panelists include:
The Hon Mark Coulton MP, Assistant Minister for Trade, Tourism and Investment
Lachlan Crews, Assistant Secretary, Regional Trade Agreements Division, Department of Foreign Affairs and Trade
Anna Lin - recently returned Trade Commissoner, Austrade Guangzhou, China
Tsutomu (Tom) Kobayashi – Business Development Manager, Austrade Sapporo, Japan
MC: Elena Kirillova, State Director NSW/ACT, Austrade
Charith Amarasinghe, Associate Director, Business Development, NSW & ACT, Efic
Stephan Wagner, Assistant State Manager, Western Sydney, AusIndustry
Sunny Kwon, Adviser, TradeStar
With the new Western Sydney Airport set to target freight exporters and ongoing government investment in rail and road infrastructure connecting our region like never before, Penrith provides the ideal location for the seminar and is perfectly placed for new and existing businesses to build their export capability.
A city of pride and progress; a region of opportunity, connected to the markets and infrastructure of tomorrow. Penrith is the lifestyle and economic heartland for the new Western Sydney Airport and Aerotropolis. We are advancing industry and employment with unrivalled liveability, skilled workers and natural attractions.