Published On : 07 Oct 2020

Overview:

  • Approximately 10,000 new job opportunities to be created.
  • $695 million towards the relocation of Edith Cowan University’s Law and Business schools and WA Academy of Performing Arts to Perth CBD.
  • $360 million investment for the Murdoch University vertical campus, eSports Stadium and Curtin’s universit knowledge and innovation precinct.
  • The new Swan River Causeway Bridge will have a $105M allocation including upgrades on cycling, walking and bus stop accessibility.

 

 

Promising opportunities have risen in Perth CBD with a $1.5 billion deal locked between the Commonwealth Government, State Government and City of Perth. The project is going to positively impact the city for years to come.

The project will create 4,100 construction jobs and 5,000 ongoing direct jobs. Post development, the economic impact of this project will flow onto local retailers, café’s and businesses.

The new Edith Cowan University Law and Business school and Western Australian Academy of Performing arts is expected to bring 25,000 additional students into the CBD every year.

WA premier Mark McGowan said, "This City Deal has given us the unique opportunity to collaborate with the Commonwealth Government, universities and local businesses to help re-energise our capital city. We have worked to establish up to three university campuses in our CBD which will create up to 5,000 direct and indirect jobs while re-energising Perth.”

Prime Minister Scott Morrison mentioned how the investment in the education, culture, jobs and lifestyle will positively impact the generations to come.

He mentioned, "This is a JobMaker investment which will generate employment for thousands of hard-working West Australians, it will boost those businesses that are already in the CBD and it will drive new businesses to open. WA, like the rest of Australia, needs a targeted economic stimulus which will provide a boost now and into the future, and this is what we're delivering."

 

According to the P.M’s media release, the Perth CBD deal includes:

  • $695 million investment to move the Edith Cowan University Law and Business school and the world class Western Australian Academy of Performing Arts into the Perth CBD. More than 9,200 students and staff are anticipated on campus from day one.
  • $105 million has been allocated to the Perth Greater CBD Transport Plan to upgrade cycling and walking infrastructure, and bus stop accessibility upgrades.
  • A $20 million investment into the Perth Cultural Centre precinct will see immediate improvements in lighting, security, wayfinding and environment, and the development of a longer-term vision for the space to become a place of destination for all visitors to the city.
  • $42 million to develop the Perth Concert Hall into a premier world class music venue.
  • Up to $100 million to redevelop the WACA and transform it into a state of the art sporting facility including an inner city swimming pool.
  • $20 million for the East Perth Power Station to upgrade necessary infrastructure and improve connectivity to the site and surrounding areas while plans for redevelopment and preservation of the historic buildings and heritage progress.
  • $36 million to provide facilities, safety improvements and services for homeless people in the city.
  • $18 million for the creation of an Australian Space Robotics, Automation, and AI Command Control Complex to encourage start-ups, small businesses, and researchers supporting the development and operation of robotic and remote asset management activities in space.
  • $10 million towards a WA Indigenous Business and Employment Hub in partnership with the Wirrpanda Foundation to provide support and advice to Indigenous businesses, job seekers and entrepreneurs.
  • $4 million of funding to undertake a pre-feasibility study for an Aboriginal Cultural Centre to be located in Perth on the traditional lands of the Whadjuk Noongar people.

 

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