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Sydney Olympic Park. Sydney Olympic Park. Featured
02 February 2019 Posted by 

PRIVATE INVESTMENT EXPECTED TO SURGE

Next phase of SOP masterplan approved
RED DWYER
PRIVATE investment in Sydney Olympic Park is expected to increase with the approval of the next stage of the precinct’s Masterplan 2030.


The biggest ever revitalisation of the precinct – once regarded as a white elephant after the 2000 Olympics – is the latest development underling the strength of the 12-kilometre long Greater Parramatta and Olympic Peninsula (GPOP) economic corridor.
 
“[Review of] Master Plan 2030 is the most significant planning announcement since the Sydney 2000 Olympic and Paralympic Games,” said Charles Moore, CEO, Sydney Olympic Park Authority
 
“It provides certainty for private sector capital investment to benefit the park and its entire region.”
 
The Minister for Planning, Anthony Roberts, has approved the next stage of the blueprint guiding the growth and sustainable development of the precinct.
 
“The plan is a significant initiative that will ensure Sydney Olympic Park continues to deliver outstanding social, economic and environmental benefits,” he said.
 
Sydney Olympic Park is at the eastern end of the Greater Parramatta and Olympic Peninsula (GPOP), which is evolving as a major economic corridor.
 
GPOP, an area of approximately 4000 hectares spanning a corridor a dozen or so kilometres long from Westmead to Sydney Olympic Park, is at the geographic centre of Greater Sydney.
 
The Greater Sydney Commission said the corridor has a strong foundation and significant assets.
 
“We envisage four distinct quarters within GPOP: Westmead Health and Education Super Precinct and Parramatta CBD; Next Generation Living from Camellia to Carlingford; essential urban services, advanced technology and knowledge sectors in Camellia, Rydalmere, Silverwater and Auburn; and Olympic Park Lifestyle Super Precinct.”
 
Greater Sydney currently has two economic corridors, both running east-to west, Sydney Airport, through the Sydney CBD, to Macquarie Park, and the evolving GPOP; a third corridor, north-to-south, is proposed based on Western Sydney Airport.

 



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