The future of transport is in NSW
Our transport sector currently employs 14,700 people across the state and serves our 7.9 million residents, 800,000 businesses, and 30 million visitors.
The NSW Government’s Future Transport 2056 strategy predicts big things for NSW. By 2056, we’ll need a transport network that can handle 28 million trips a day and double the current metro freight task. The NSW Government is embarking on upgrades to Sydney and NSW transport infrastructure and services networks to ensure we can meet demand.
NSW will also need better roads and bridges. In 2017 alone, the NSW Government invested $8.6 billion on the construction of roads and bridges, the largest amount nationally.
Research and collaboration will make our transport networks as digitally advanced as any in the world. NSW actively supports innovative transport services including ridesharing. The NSW Government invests in trials of new service models such as on-demand transport and precinct shuttles.
Sydney’s transport and infrastructure plans
Much of our economic and population growth will happen in Sydney. For this reason, the Greater Sydney Commission has developed a plan to divide Sydney into three urban hubs, the Eastern Harbour City (downtown Sydney), a central River City, and the Western Parkland City. The plan will require building large-scale transport networks and social amenities. Any associated initiatives will need investment from both the public and private sector and will present enormous opportunities for investors.
We expect that building new infrastructure in and around each urban hub will create an additional 817,000 jobs. Development will increase Sydney’s economic activity to A$655 billion by 2036. A new airport in Western Sydney and advanced transport infrastructure will also enhance our connections to the economies of the Asia Pacific and beyond.
The Australian Government is also funding construction of the A$8.4 billion Inland Rail network which will connect regional Australia to domestic and international markets.
Support for the transport sector
The NSW Government is doing all it can to support the businesses that will help drive our state’s transport future. Support initiatives include:
- A Transport Digital Incubator, and Innovation Challenges which aims to develop and connect real-time information, and offer demand responsive services that reflect customer needs.
- A Transport and Logistics Knowledge Hub to ensure best-practice in transport and facilitate industry connection.
- A Future Transport 2056 Strategy which focuses on six key outcomes for the future of mobility in the state. The goal of this strategy is to improve the economy, communities and environment of NSW.
Now is the perfect time to invest in major transport projects underway in NSW.
If you are interested in finding out more about Transport opportunities in Sydney and NSW, get in touch with the NSW Investment Concierge today.
Current NSW Government investment in transport projects
Case study: Fastway delivers eCommerce growth for Aramex through Sydney
Logistics company Aramex acquired parcel delivery provider Fastway couriers to capitalise on Australia’s booming eCommerce market.
It moved Fastway’s headquarters from New Zealand to Sydney to take advantage of the city’s excellent infrastructure and access to international markets. Fastway is now expanding its range of services and aims to grow its Australian parcel volume by 15%.
Read more about Aramex