The Circular Quay waterfront has been backed by the New South Wales Government with an additional $216 million investment, as part of the 2022-23 State Budget.
Circular Quay hosts some of Australia’s biggest public events, including Vivid Sydney and the New Year’s Eve fireworks which are watched by over one billion people globally and injects $130 million into the NSW economy.
Circular Quay is the gateway to Sydney’s harbour and city, a significant transport interchange and a place with deep cultural and historical significance. However, a combination of ageing assets, poor amenity and disjointed public spaces has resulted in the NSW Government’s plans to renew the public space and interchange.
The renewal of Circular Quay will create a more dynamic space for visitors and locals to enjoy new places to eat, drink and shop as well as delivering new wharves and an upgraded train station.
The project will also provide an expanded pedestrian walkway on the Cahill Expressway and a redesigned First Fleet Park with grassed areas, native landscaping, water play and space for ceremony and events.
The funding will enable further design work including planning approvals, an Environmental Impact Statement and community consultation to prepare the project for construction.
Premier Dominic Perrottet said the vision for the waterfront would create up to 1000 jobs during construction.
“This investment is a critical step in reinvigorating Circular Quay, which will ultimately see millions of tourism dollars flowing back into local businesses as we build our way forward to a brighter economic future for NSW,” he said.
Treasurer Matt Kean said today’s investment ensures all required planning and design works are completed prior to making a final investment decision.
“Our vision for Circular Quay would transform the world’s gateway to Australia and provide a truly unique experience, as the number of visitors to Sydney returns to the 15 million we welcomed annually before COVID-19,” he said.
Community consultation to inform the statutory planning process will start from late 2022.
For more information on the project, click here.