The Sydney Science Park, managed by Western Sydney property developers Celestino, will be set on over 280ha and when completed is expected to employ more than 12,000 staff, in mostly high-skilled, high-paying jobs, educate 10,000 students in key scientific and technological disciplines, and provide more than 3000 homes.
Western Sydney Leadership Dialogue Chairman, Christopher Brown AM, praised Celestino for its multi-billion dollar investment in Australia’s own Silicon Valley, a project that has the support of all levels of Government.
“This Gateway Determination means that work can now commence on building the Sydney Science Park, which is going to be a world-class facility. A place that clusters leading innovators in industry, education, and business, at the location to form a development like no other in Australia,” Mr Brown said.
“This decision is a massive win for the region. The Sydney Science Park will not only stimulate the Western Sydney economy through the provision of 12,000 smart jobs, but generate more than $2.5b of economic activity in construction alone.”
The Sydney Science Park is located along Sydney’s ‘innovation corridor’, which includes health and medical research centres in Liverpool and Macarthur, a high-tech business hub at Werrington Park and an agribusiness hub at Hawkesbury.
The Park is connected by key infrastructure nodes such as the M4 and M7 Motorway and is located 10 minutes from Penrith, 15 minutes from Parramatta and five minutes from Badgerys Creek Airport.
It will also be serviced by billions of dollars worth of new infrastructure that is being built to cater for the region’s enormous growth, including $3.5b in new roads.
Mr Brown added that the Sydney Science Park, will foster a vibrant, innovative and creative community, with high-quality residences and lifestyle opportunities such as parks and restaurants.
“The Sydney Science Park is not just an investment in Western Sydney but an opportunity to establish Australia as a leader in innovation, research and technology,” he said.
