The Western Sydney Leadership Dialogue (WSLD) is encouraged by the State Government’s commitment to the delivery of the Sydney Metro West but is calling for more clarity on how the project will be funded.
WSLD Chairman, Christopher Brown AM, said that along with the recently announced North-South rail-link, the Metro West represents one of the most transformative projects for the region, and in addition to providing a stronger connection between Sydney’s two CBDs, would catalyse significant urban renewal along the city’s most dynamic corridor.
“There is no doubt that the Metro West is a game-changer, and the NSW Government, in particular Transport Minister Andrew Constance, should be congratulated for his unwavering commitment to its delivery,” Mr Brown said.
“However there are still a number of questions that need to be answered, primarily, how is it going to be funded?
“Value-capture, where landowners who benefit from the project, help subsidise its cost, has been discussed for the past 18 months as the way forward when it comes to the funding of future infrastructure projects.
“But to this point, we’re still waiting for greater clarity on how value-capture will be applied, who it will be applied to, and who will administer it.”
Mr Brown has called on the State Government, through the Greater Sydney Commission, to establish a working group, comprising of representatives from the public, and private sectors, as well as the community, to develop a value-capture framework.
“There is only so much in the government coffers to go around and the time has come to have a sensible discussion on how all sectors of the community are going to contribute to the region’s growing infrastructure costs,” Mr Brown said
“I’ve often said that Western Sydney is prepared to ‘pay to play’ but we just need to know the ‘conditions of entry’.”