G20 leaders establish Sydney as Global Infrastructure Hub
18 November 2014
Sydney is set to become an infrastructure hot-spot with a decision by world leaders at the G20 summit to establish Sydney as a Global Infrastructure Hub.
The move is expected to unlock an additional $2 trillion in global infrastructure capacity to 2030 and will further position Sydney's reputation as the world's infrastructure capital.
G20 leaders agreed to establish the Hub in Sydney, in order to increase global investment in infrastructure.
The Hub will coordinate the infrastructure plans and activities of governments, the private sector, banks and other organisations.
It will be funded by the Australian Government and other G20 members, with additional support from non-member countries and other organisations.
Major growth sector
The announcement comes at a time of NSW experiencing an infrastructure boom with a large portfolio of infrastructure assets and a strong pipeline of future projects.
The NSW Government is collaborating with industry to deliver a large and sustainable program of both economic and social infrastructure. A large component of this will be contracted to the private sector.
Investment opportunities in NSW
Major infrastructure projects underway in NSW, include:
- WestConnex (motorway and urban renewal)
- NorthConnex motorway
- North West Rail Link
- Sydney CBD and South East Light Rail
- Pacific Highway duplication
- Sydney International Convention and Exhibition Centre
Future projects include major road and rail infrastructure, urban regeneration programs, transit-oriented developments and a second international airport in Sydney.
How we can help
NSW Trade & Investment assists businesses that are contemplating significant new investment in infrastructure, whether establishing a new operation, relocating a business or expanding an existing business. To find out more contact us today.