The New South Wales (NSW) Government has confirmed that it will invest more than AUS$1bn on building new and redeveloping existing stadiums across Sydney over the next decade, with the first project being a new 30,000-seat stadium in Parramatta.
NSW Premier, Mike Baird, said Sydney needed world-class sporting venues and that the investment would ensure fans and sporting teams had the facilities they deserved. He added:
Our first priority is building a new 30,000-seat stadium at Parramatta on the site of the existing facility, with work to begin as soon as possible and construction expected to be completed by 2019.
This huge investment in our stadia will boost our capacity to attract big ticket events to NSW, as well as create and support thousands of jobs.
Along with the Parramatta stadium, other upgrades and new stadiums will include:
- A new rectangular stadium at Moore Park with 50,000 to 55,000 seats
- The redevelopment of Stadium Australia, which could include a retractable roof
- A new indoor arena near the CBD
- A new outer western Sydney sporting venue
- Completion of the Sydney Cricket Ground (SCG) upgrade*
AUS$600m has been set aside in Rebuilding NSW and the NSW Government will provide a further allocation of funding to complete the projects.