SYDNEY Business Chamber’s western Sydney director David Borger has welcomed the first private investment into Western Sydney Airport.
American defence company Northrop Grumman will invest $50 million to create a centre of excellence in the Badgerys Creek airport precinct, just a week after the federal government committed to building the airport.
“It means investment is going to take place even before the first plane takes off,” Mr Borger said.
“I think it is really significant. We’ve always thought this airport area could be an aerotropolis or airport city with lots of jobs nearby, and one of the areas that has great potential is aerospace and defence.
“To have within a week of the government deciding to build the airport, a decision by the private sector to establish a centre of excellence in aerospace and defence is fantastic news and we hope it will be the start of a massive business park in the precinct around the airport.”
Mr Borger said the big winner could be western Sydney families, with the aerotropolis set to create thousands of local jobs and a better lifestyle.
“Sydney is the most constrained city in Australia for industrial and employment land,” he said.
“It’s hugely expensive to operate in Sydney, and the airport precinct is opening up these new greenfields to jobs.
“The biggest challenge facing western Sydney is the jobs deficit of 300,000 people.
“People have to get out of the region for work, so the airport could be a real game changer.
“People are sick of being stuck on the M4 and the western line. They would rather spend more time at home with their families and we can only do that if we create jobs close to home.
“We want this to be a big solution, a golden jobs solution for western Sydney.”
Northrop Grumman International president Dave Perry said the federal government’s $5.3 billion commitment to build Western Sydney Airport will convince other private sector businesses to invest and create jobs in western Sydney.
"The government's strong commitment to grow the defence industry in Australia gave us the confidence to make this significant investment in western Sydney,” Mr Perry said.