Hosted by the Western Sydney Leadership Dialogue and Transport for NSW at the Sofitel Wentworth, the sold-out ‘BOOMTOWN!’ infrastructure & property Summit, provided guests with the opportunity to hear from Transport & Infrastructure Minister, Andrew Constance, plus public and private sector leaders, who outlined and critiqued plans for major projects such as Sydney & West Metro, Parramatta Light Rail, Western Sydney Airport, WestConnex, debated the use of ‘value capture’ to fund their development and considered how best to plan, grow and govern our boomtown cities of the West.
We thank our Event Partners, Transport for NSW and The Westline Partnership as well as our Sponsors Deloitte, First State Super, Lendlease and Sydney Airport for their generous support of the event.
BOOMTOWN! enabled its delegates to engage in a genuine debate around the principles of ‘value capture’ as a mechanism to fund major projects and revitalising our urban environment.
The program was kicked off with a national flavour by Victorian Treasurer, Tim Pallas, disputing the NSW Premier’s claim that Western Sydney was the ‘infrastructure capital of the world’, and espousing his government’s record of delivering high quality major projects.
Tim Reardon (TfNSW), Philip Davies (Infrastructure Australia), Mike Mrdak (Fed Dept of Infrastructure) and Ken Kanofski (RMS), amongst other high profile executives, each treated the attendees to a multi-billion dollar project showcase, outlining what projects were being built, what investment was still needed and how this infrastructure would be delivered and funded.
This was followed up by the Minister responsible for a large portion of the urban renewal projects in NSW, Andrew Constance, putting his view forward, on value sharing and working in partnership with the private sector to get the job done.
In the spirit the event was intended, this keynote address was met by a response panel, including the Minister’s parliamentary counter-part, Deputy ALP Leader, Michael Daley, offering alternative solutions to a common challenge. The controversial panel was expertly facilitated by the Tele’s Political Editor, Andrew Clennell who didn’t hold back with his hard-hitting inquiry.
Interspersed throughout the day, we saw expert panels, featuring corporate titans including Kerrie Mather (Sydney Airport), Kerry Schott (Moorebank Intermodal), Michael Dwyer (First State Super), Kylie Rampa (Lendlease), Will Dwyer (Goodman) who were asked to consider the planning and development issues around urban renewal.
In the wake of the draft district plans being released last week, it was also perfect timing to hear Greater Sydney Commission Economics Commissioner Geoff Roberts and CEO Sarah Hill, reveal how their re-imagined Sydney would look for generations to come.
Senior Local Council representatives including Lindy Deitz (Campbelltown), Greg Dyer (Parramatta) and Craig Butler (Penrith) were on hand to promote the need for major projects to be delivered with due consideration made for amenity and connectivity, and therefore ensuring greater productivity for the great cities of the West, while at the same time, ensuring the burden of funding was shared appropriately.
The day drew to a close with Dialogue Chair Christopher Brown, in a conversation piece with CEO of the Committee for Sydney, Dr Tim Williams on his journey from South Wales, to East London to Western Sydney.Tim shared his observations on the similarities, the lessons learnt along the way, and importantly how those lessons can be applied to the current environment in our part of the world.
BOOMTOWN! 2016 was a great day of provocative debate and productive engagement, and most importantly represented a genuine partnership between the community, government and business. See you next year!
Images from the event and speaker presentations will be available on our website from next week - http://westernsydney.org.au/events/