A $1 billion investment in creating an integrated convention, exhibition and entertainment precinct at Darling Harbour will boost NSW competitiveness of the major events industry.
Announced today by NSW Premier Barry OFarrell the precinct covering 20 hectares, including Tumbalong Park, the monorail corridor, Sydney Entertainment Centre and car park, and the Sydney Convention and Exhibition Centre is an Australian first.
Current facilities were not able to accommodate 169 conventions and 12 exhibitions over the past four years, costing NSW $150 million in economic loss.
The project will boost the competitiveness of the NSW major events industry, ensuring we dont miss any more opportunities, Mr OFarrell commented.
Allowing Sydney to tackle the Asia-Pacific market head-on, the new flexible facilities combined with technological innovation and improved efficiency will provide much needed capacity for mega conferences and a range of other major events.
Today weve reached the next stage in the tendering process, with a Request for Proposals issued to the consortia bidding for the project a major step towards selecting the winning proposal by the end of the year, Mr OFarrell announced.
Mr OFarrell also noted the projects scope for significant improvements to the public domain and a complete face-lift for Darling Harbour.
As well as the world-class facilities, families will continue to be able to enjoy the best that Darling Harbour has to offer, including the same amount of open space, Mr OFarrell said.
The new facilities will include the largest exhibition space in Australia at 40,000 sqm, the biggest meeting room space in Australia at 6,000 sqm that will link to both convention and exhibition areas, the biggest Australian convention hall capacity able to accommodate more than 10,000 people over four different areas
It will also include almost double the dedicated banqueting facilities, a red carpet, premium entertainment facility with a capacity of at least 8000 people and state-of-the-art technology throughout.
During the three year construction period that will create up to 3,500 jobs, Sydneys major events industry will remain open for business.
Source = e-Travel Blackboard: K.W