GSC PIC is a sensible approach to manage growth in Western Sydney – but value capture funding and Light Rail Stage 2 still in limbo

Western Sydney Leadership Dialogue has welcomed the Greater Sydney Commission’s (GSC) release of the Place-based Infrastructure Compact (PIC) in Parramatta today and the momentum it provides for establishing a planning and investment authority to manage development of the Olympic corridor between Westmead and Strathfield. 

The draft report sets a comprehensive blueprint for the staged growth of the Greater Parramatta and Olympic Peninsula (GPOP) precinct and paves the way for a practical, evidence-based approach to funding infrastructure in one of Sydney’s fastest growing areas.

Dialogue Chairman Christopher Brown said the PIC policy was the kind of innovative approach to planning required in GPOP, at a time when community angst around growth and development is on the rise.

“The GSC and their partners at Infrastructure NSW have listened to the community and the implementation of this sensible policy will go a long way to restoring the public’s faith in the way we accommodate population growth in Sydney, especially in its dense suburban core,” he said.

The report reinforces the Dialogue’s calls for the establishment of a Central City & GPOP Authority to ensure the ground-breaking PIC policy c­­­­an be implemented effectively, and to coordinate investment attraction matching the successful strategy of the Western City & Aerotropolis Authority further west.

Mr Brown congratulated the GSC on delivering a unique whole-of-government approach to planning GPOP and noted that the next logical step is to open up the discussion with the private sector on the role it can play in funding and delivering the required infrastructure to support growth.

“The GSC has laid out the evidence base needed for a systematic approach to value capture to ensure government and the community receive a dividend on the unprecedented level of investment in the region,” Mr Brown said.

“The NSW Government must find a way to bring private sector funding and innovation back to the city shaping table.  Stakeholders in the Olympic Corridor have been ready and willing to ‘pay to play’ for some time but political leaders must find the courage to implement private sector partnerships to harness this investment,” he said.

Mr Brown said that the GSC report also highlighted the government promise to deliver the Stage 2 of the Parramatta Light Rail (PLR), linking Rosehill with Olympic Park. “This project, along with Cabinet support for redevelopment of the RAS Sydney Showgrounds to full convention centre status, is essential for a more productive Olympic precinct,” he said.

“With the phased GPOP growth flagged in this GSC report and the Metro West route now confirmed, we are calling on Premier Berejiklian to now confirm the delivery timing of the PLR Stage 2 mass transit link that Premier Baird and Minister Constance promised the people of Western Sydney.”

For media information:

Sarah Campbell — Communications Manager,  Western Sydney Leadership Dialogue