Rail Infrastructure Worth More Than $18 Billion Announced For Metropolitan Sydney

SYDNEY will get a second harbor crossing under plans for a multibillion rail vision announced by Infrastructure NSW on June 20.

The crossing – with conservative cost estimates of $10 billion – will join the $8.5 billion North West Rail Link, set to be open in about 2019-20. The harbour crossing is not expected to start before then.

The crossing is needed for Sydney to use metro-style trains similar to those in London and Paris.

Coalition government advisers have speculated the tunnel cost would be considerably more than $10 billion – but Transport Minister Gladys Berejikian assured the AFR the infrastructure project will be built. The newspaper also included a map of the project.

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Sydney Metro Spends $120 Million Acquiring Sites

Kristina KeneallySYDNEY Metro, the government arm which will commandeer the construction of the city’s new metro rail system, has paid $120 million for offices in the city centre.

NSW Premier Kristina Keneally said Sydney Metro had now stopped buying sites, until the government makes its final decision about the project “shortly” – but a further  $180 million on property acquisitions is put away to be spent, to fund the project, the AFR reports.

Sydney Metro confirmed it has purchased 30 and 36 Clarence Street and 131 Bathurst Street, in the Sydney CBD, and two smaller offices in Rozelle, in the city’s inner west.

 

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Frasers Property Gets Moving to Redevelop Sydney’s Former CUB Site

SINGAPORE-based developer Frasers Property is preparing to redevelop Foster’s former Sydney CUB Brewery into a $500 million mixed use project.

The new proposal will include two office towers, two apartment buildings and will be flanked by ground floor retail. Frasers has appointed an architect to design the proposal, and has started lodging applications with the NSW Department of Planning.

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