Sydney City Council has unveiled a 10-year plan to create 200,000 new jobs, expand the light rail, enhance the night-time economy, and promote green industries.
The $540 million Economic Development Strategy, presented this week, includes $100 million for new light-rail routes through Broadway and Green Square.
Lord Mayor Clover Moore emphasised that the strategy aims to boost Sydney’s $142 billion annual economy and make it a top global destination. Since 2004, Sydney’s job market has grown by 162%, and the local economy by 82%, surpassing pre-Covid levels.
Developed with input from various organisations, the plan includes 33 actions focused on improving transport, such as adding light-rail stops at Tech Central, Camperdown, Zetland, and Randwick. It also highlights Tech Central’s development, aiming to position Sydney as a tech hub similar to Silicon Valley.
The strategy, two years in the making, targets creating 200,000 jobs by 2035, with 70% in knowledge and innovation sectors. It also aims to support Sydney’s transition to sustainable industries.
The plan is open for community feedback in August and September. However, concerns have been raised about potential delays and the impact on other investments due to the large infrastructure spending.
