September 15, 2014
The Western Harbour Precinct stretching from Barangaroo around through Darling Harbour to Pyrmont Point will generate more than $20 billion of investment return to the economy over the next decade, a specially commissioned PWC report has found.
To be released at the Western Harbour Super Precinct Sydney 2020 Forum being held at The Star in Sydney today, the report also finds that this massive economic potential would be enhanced by more than $100 million every year with a clear vision, cohesive planning and proper governance regime for the precinct.
Leaders from Sydney’s business, government, academic, innovation, tourism, and not-for- profit sectors will gather at the Forum to discuss the potential for the Western Harbour Precinct, which is currently undergoing significant infrastructure renewal as a key competitive asset for Sydney.
The co-hosts of the Forum, the Tourism & Transport Forum, Sydney Business Chamber and Committee for Sydney said that the Forum would accelerate building the vision for developing the Western Harbour Precinct into one of the most distinctive and dynamic new waterfront, business and leisure districts anywhere in the world.
The Western Harbour Precinct encompasses the area west of the Sydney Harbour Bridge, stretching from Barangaroo, through Chinatown and Darling Harbour, down to Broadway and up to Pyrmont. It incorporates the new financial services hub at Barangaroo, the new Convention Centre and adjacent luxury Sofitel Hotel, new city neighbourhood in Haymarket and the emerging media, digital and creative hub at Pyrmont.
Read full release here.