Sydney’s Central Station to get $3 billion upgrade

Sydney’s Central Station to get $3 billion upgrade

1 December 2017

The NSW Government plans to completely revamp Central Station in Sydney in an ambitious 20-year building scheme estimated to cost about $3 billion, says the ABC.

Upgrades to the main terminus, originally constructed in 1906, will cost $2 billion and include new platforms, shops, restaurants and a 180-room luxury hotel on the top floor.

Neighbouring commercial properties around Henry Deane Plaza and the Goods Line will also be acquired by the government, including a 1903 heritage-listed post office building and a YHA hostel, making way for three office towers up to 40 storeys high.

A Transport for NSW spokesperson declined to answer questions on the documents, but confirmed that work on a new underground concourse and Metro station was well underway.

The spokesperson added that the NSW Government had made “no decision regarding further development of Central Station precinct” and future projects were “subject to rigorous economic appraisal and Cabinet consideration”.

Transport Minister Andrew Constance rejected the $3 billion cost estimate, stating that at present just $1 billion in taxpayer funding has been allocated.

He added that an unspecified amount of extra cash from property developers would help fund the project.

According to The Urban Developer, work has already begun on incorporating the metro train line into the station.

Stage one of the $20 billion Sydney Metro, covering the north-west section from Rouse Hill to Chatswood, is due to be operational in 2019.

A seven-team consortium was unveiled earlier this year to design six of the seven new train stations that will become part of the greater metro line—Crows Nest, Victoria Cross, Barangaroo, Martin Place, Pitt Street and Waterloo.

The government has also opened up to the private sector the opportunity to develop major retail, office and residential property over metro stations in the Sydney CBD and North Sydney, notes the AFR.

In Pitt Street in the CBD, for example, plans are understood to include two buildings: one a 47-storey mixed-use (potential hotel), and a 65-storey residential, says The Sydney Morning Herald.

Victoria Cross Station in Miller Street, North Sydney, could feature a 40-storey building with commercial offices and integrated retail on the ground level.

In another report this week, the AFR reported that Canberra based Doma Group will build a $120 million Little National Hotel above Wynyard Walk, above Wynyard Station in Sydney, reflecting the development boom around new infrastructure and the likely competition for sites above new metro stations.

Minister for Transport and Infrastructure Andrew Constance labelled the Sydney Metro project “a once-in-a-generation opportunity to revitalise Sydney for the future.”

Sydney Metro is the biggest urban rail infrastructure investment in Australia’s history.