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NSW Govt announces Australia’s new Economic Zone

May 28, 2018

Berejiklian Government announces Australia’s newest economic zone ‘open for business’

AMBITIOUS plans to build an airport city at Badgerys Creek will receive a boost today with the state and federal governments unveiling plans to fast-track rail lines and lure top international investors to the precinct.

Proclaiming the 10,000ha greenfield site around the airport as “Australia’s newest economic zone”, the NSW government will use a summit attended by 250 prospective local and international business leaders to declare the so-called “Aerotropolis” open for business.

The airport also has the potential to become an agriculture export hub for Australian farmers keen to take on the world with their premium produce.

The Telegraph can exclusively reveal that the proposed World Trade Centre (WTC) at Bringelly and The Northern Gateway at Badgerys Creek could create more than 120,000 jobs, many of them highly skilled roles.

Modelling by PricewaterhouseCoopers shows the WTC, led by Aerotropolis Group, could create 43,500 direct jobs, 45,000 indirect jobs, inject $29.2 billion into the local economy and contribute $8.2 billion in tax revenue by 2039.

It would consist of four towers, international convention and exhibition centres, a commercial area for large multinational companies, a start-up incubator, retail outlets and residential components.

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