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Kanebridge News

Sydney - Public Infrastructure

Sydney - Public Infrastructure

Infrastructure plays a key role in any growing city. Forecasting the requirements in Sydney that started with such small beginnings has created many headaches for town planners over the decades. But in the last decade or so several large projects have been completed or commenced, and these are the pillars that are building a thriving city that more and more people are being attracted towards. The following lists the major developments around Sydney.


This is part two of a three-part series on Sydney and the infrastructure that is fuelling the property growth. (Read Part 1)

Completed

Westlink M7
Completed in December 2005, this 41 kilometre stretch of toll road provides a road link between three major motorways; being the M5 Southwestern Motorway, the M4 Western Motorway and the M2 Hills Motorway. The project cost just over $1.8 billion and opened eight months ahead of schedule. This road project provided a much-needed relief to motorists and residents of Sydney’s fastest degrowing metropolitan; Western Sydney.

Chatswood-Epping Railway Link
At a cost of just over $2.3 billion, this 13 km stretch of underground rail connects the suburb of Epping on the Northern line to the suburb of Chatswood on the North Shore line. As well as providing major redevelopments of both Epping and Chatswood stations, three new intermediate stations were created; being North Ryde, Macquarie Park and Macquarie University.

Lane Cove Tunnel
Connecting the M2 Motorway at North Ryde with the Gore Hill Freeway at Artarmon, 3.6 kilometre stretch of twin tunnel tollway was completed in March 2007, two months ahead of schedule at a cost of $1.1 billion. This project elevated road congestion by providing a faster, more direct alternative route for motorists who previously relied heavily on Epping Road.

Under Construction

Sydney Metro Rail Lines
This is Australia’s largest public transport project with an estimated cost in excess of $12.5 billion. The 50 kilometres route from Bankstown in the city’s south-west to Rouse Hill in the north-west will pass through the CBD, causing the demolition of the high-rise office building at 28 Castlereagh Street, better known for its retail anchor tenant – Tiffany & Co. Of this 50-km railway, approximately 36 km will comprise of entirely new track. The first stage is due to open in 2019.

CBD & South-East Light Rail Project
Causing slight chaos for CBD motorists of late, this $2.1 billion light rail project is proposed to reduce the amount of morning traffic by removing 22 buses and extending the existing light rail network to Circular Quay along George Street to Central Station then on to Kingsford via Anzac Parade and Randwick. Expected completion in 2019-20.

WestConnex
Hugely controversial, the WestConnex project will comprise of a 44 kilometre stretch of motorway that is set to link Western Sydney to the airport and Port Botany precinct as well as providing an extension to the existing M4 motorway. While over 1,700 homes have already been compulsory acquired for the project, 25,000 new homes and apartments along with 25,000 new jobs are expected to be created within 20 years indirectly as a result of the project. The cost is estimated to be just under $20 billion with an expected completion date of 2023.

North-West Rail Link
Construction of this $8.3 billion project started in 2014 and the completion date is set for 2019 with a total of 19,000 jobs as the result. The North-West Rail Link is also planned to indirectly contribute to the construction of 12,000 new residential properties across the new Showground, Bella Vista and Kellyville localities.

Author: Marwan Rahme 
CEO, Kanebridge Limited

This research was conducted by SQM Research.