30-Minute Cities a Smart Move
29 Apr 2016
The Sydney Business Chamber says the Federal Government’s decision to commit to Australia’s cities with its Smart Cities Plan, is critical to getting infrastructure projects off the ground to attract the investment needed to support growth.
Patricia Forsythe, Executive Director of the Sydney Business Chamber said, “The 30 minute city is an ambitious goal but continued public and private sector investment in the major, transformational infrastructure projects we are already seeing take place across Sydney is vital given that our city is the engine room of the New South Wales economy.
“Planning for cities to reach their potential by investing in smart infrastructure will ensure CBDs throughout Sydney can thrive. But, as the Plan recognises, to continue to see business growth and the ensuing jobs, we need infrastructure investment and a coordinated approach to planning.
“Macquarie Park is an example of a precinct, where rail connectivity and local planning policies are transforming the area into a technology, communications and biomedical hub. It has an economic output equivalent to $9.11 billion, and the new NW Metro will give workers a reason to ditch their cars.
"Macquarie Park demonstrates the challenge of getting development ahead of transport, and why the days of ad hoc planning and failing to integrate urban planning and transport as the Federal Government has said must end.
“The commitment to treat government infrastructure funding as an investment rather than a grant, supported by the establishment of a specialised Infrastructure Financing Unit, will help deliver much-needed projects sooner while minimising the impact on the budget,” Mrs Forsythe said.
Western Sydney Director of the Sydney Business Chamber, David Borger said, “Low interest rates provide a great opportunity to invest in infrastructure that can unlock the productive capacity of our cities."