Homepage Expotrade newsroom

Barangaroo redefines Sydney Harbour edge

Announcement posted by Expotrade 21 Oct 2015

New South Wales has taken precedence in the implementation of wide scale urban renewal strategies.

21st October 2015, Sydney, NSW: New South Wales has taken precedence in the implementation of wide scale urban renewal strategies. In recent years Sydney has become the nation’s first major city to install LED street and park lighting, while the coming Sydney Metro project will entail the country’s very first European-style subway system.


With Sydney’s population expected to rise to more than 5 million people by 2020, the demand for first-class infrastructure is continuing its trend alongside population growth. To cope with these pressures, the NSW government has committed an estimated $61.5 billion over the next four years towards developing critical state infrastructure. 


The extensive revitalisation of existing areas through urban renewal redevelopment is beginning to play a fundamental role in the way we reshape our towns and cities for the future. Established in 2013, UrbanGrowth NSW is a state-owned corporation which oversees a large number of urban revitalisation programs currently taking place within the state.


One such project that has risen to prominence is the $6 billion Barangaroo redevelopment of Sydney’s north-western edge, which aims to redefine the western portion of Sydney Harbour with over 22 hectares of newly accessible public domain, retail and commercial spaces, into one of the world’s foremost waterfront renewal projects.


Commencing in 2012, the Barangaroo redevelopment is split into three precincts: Barangaroo South, Barangaroo Central and Barangaroo Reserve. The project is expected to provide space for over 24,000 permanent jobs, as well as generate approximately $2 billion per annum towards the NSW economy.


Formerly the East Darling Harbour area, the land was once primarily used for stevedoring and port operations. In 2006 the NSW state government decided to utilise the land for urban renewal purposes, renaming the area to “Barangaroo” after a prominent Aboriginal woman. The development has been compared to the likes of Docklands in Melbourne, which now attracts more than 20 million visitors each year.


Urban renewal is important for a large number of reasons, most notably to meet up to the standards that our modern culture has come to expect. This includes the delivery of public services such as free Wi-Fi, constructing shorter walking distances between residential and commercial facilities, as well as increasing safety and mobility through the use of vibrant lighting. 


Continuing Sydney’s recent innovation, the Barangaroo precinct will be the first of its size in the world to be “climate positive”. The precinct will also generate enough solar energy to power the site’s public areas, as well as use only recycled water for the use of flushing toilets, irrigation and fire sprinklers.


The use of conventional cars will also be discouraged with the allocation of electric car power stations in car parks, including the construction of a new $500 million train station in Barangaroo as part of the Sydney Metro project.


Members from both government and industry will gather at the New South Wales Major Projects conference this November to discuss urban renewal projects across the state. Craig van der Laan, Chief Executive of the Barangaroo Delivery Authority, will be speaking at the event to provide insight on the Barangaroo redevelopment.


Of course, Barangaroo is only one small part of the NSW government’s plan to revitalise the state, with major urban renewal programs taking place across Newcastle, Parramatta North, the Green square town centre, as well as the multi-million dollar Bays Precinct Sydney urban transformation program.


Expected to be completed by 2023, the Barangaroo redevelopment has an opportunity to continue Sydney’s dominance as Australia’s largest city, much in the same vein that stevedoring and shipping did for the region for more than 130 years.


The 7th Annual New South Wales Major Projects conference is being held at Doltone House in Hyde Park on the 24th & 25th of November.


Source: Expotrade Global News